Company: XTIA
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001013762-25-004468
Chunk: 2

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 8-K
Item: Item 1.01
Chunk 2
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 to, result in the transfer or disposition by any person at any time in the future of) Common Stock, enter into
any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership
of shares of Common Stock, make any demand for or exercise any right or cause to be filed a registration statement, including any amendments
thereto, with respect to the registration of any shares of Common Stock or securities convertible into or exercisable or exchangeable
for shares of Common Stock or any other of the Company’s securities or publicly disclose the intention to do any of the foregoing,
subject to customary exceptions, for, with respect to the Company, a period of 60 days from March 28, 2025, and with respect to its executive
officers and directors, a period of 90 days from March 28, 2025.

Additionally, the Company
agreed that for a period of 90 days from March 28, 2025, the Company will not directly or indirectly offer to sell, sell, contract to
sell, grant any option to sell or otherwise dispose of shares of its capital stock or any securities convertible into or exercisable or
exchangeable for shares of its capital stock in any “at-the-market,” continuous equity transaction or variable rate transaction,
without the prior written consent of the Representative.

The Company also agreed to
file a subsequent registration statement covering the issuance of the Warrant Shares within 10 calendar days after the issuance date of
the Warrants and use its best efforts to have it declared effective under the Securities Act by the 45th calendar day following the issuance
date of the Warrants (or, in the event of a “full review” by the SEC, the 60th calendar day following the issuance date of
the Warrants).

The representations, warranties
and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely
for the benefit of the parties to the Underwriting Agreement and may be subject to limitations agreed upon by the contracting parties.
Accordingly, the Underwriting Agreement is incorporated herein by reference only to provide investors with information regarding the terms
of the Underwriting Agreement, and not to provide investors with any other factual information regarding the Company or its business,
and should be read in conjunction with the disclosures in the Company’s periodic reports and other filings with the SEC.

The foregoing descriptions
of the Underwriting Agreement, the Pre