Company: XTIA
Filing Date: 2025-06-03
Form Type: DRS
Source: 0001213900-25-050156
Chunk: 15

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-03
Form: DRS
Chunk 15
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 effect to the following                                                                            
 issuances subsequent to March 31, 2025 through May 28, 2025: (i) the issuance of 1,876,000 shares of common stock for an aggregate of     
 $1,876 pursuant to the exercise of 1,876,000 pre-funded warrants that were issued in the March 2025 Offering, (ii) the issuance of 75,000 
 shares of common stock for an aggregate of $102,000 pursuant to the exercise of 75,000 common warrants that were issued in the March      
 2025 Offering and (iii) the issuance of 125,000 shares of common stock to ThinkEquity in consideration for financial advisory services    
 pursuant to an advisory agreement dated May 13, 2025.                                                                                     |

| (2) | The pro forma as adjusted balance sheet data gives effect                                                                      
 to the pro forma adjustments and the issuance of 5,128,205 shares of common stock and assumed net proceeds from this Offering. |

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RISK FACTORS</div>

Investing in our securities is highly speculative and involves a significant degree of risk. You should carefully consider the following risks and uncertainties as well as the risks and uncertainties described in the section entitled “Risk Factors” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “2024 Form 10-K”), as well as in our subsequent Quarterly and Annual Reports filed with the Securities and Exchange Commission (“SEC”), which filings are incorporated in this prospectus by reference in their entirety. These risk factors could materially and adversely affect our business, results of operations or financial condition. Our business faces significant risks and the risks described below or incorporated by reference herein may not be the only risks we face. Additional risks not presently known to us or that we currently believe are immaterial may materially affect our business, results of operations, or financial condition. If any of these risks occur, the trading price of our common stock could decline and you may lose all or part of your investment.

Risks Related to this Offering, Ownership of our Securities and Our Business

Investors in this Offering will experience immediate and substantial dilution in the book value of their investment.

The public offering price
will be substantially higher than the net tangible book value per share of our outstanding shares of common stock. As a result, investors
in this Offering will incur immediate dilution of $0.96 per share based on the