Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 40

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 40
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 Series 5 Preferred
Stock were fully converted (disregarding for such purpose any conversion limitations under the certificate of designation) to common stock,
which amounts will be paid pari passu with all holders of common stock.

.
We are not obligated to redeem or repurchase any shares of Series 5 Preferred Stock. Shares of Series 5 Preferred Stock are not otherwise
entitled to any redemption rights, or mandatory sinking fund or analogous provisions.

Pre-funded Warrants to be Issued in this Offering

The following
summary of certain terms and provisions of the Pre-funded Warrants that are being offered hereby is not complete and is subject to, and
qualified in its entirety by, the provisions of the Pre-funded Warrant, the form of which is filed as an exhibit to the registration statement
of which this prospectus forms a part. Prospective investors should carefully review the terms and provisions of the form of Pre-funded
Warrant for a complete description of the terms and conditions of the Pre-funded Warrants.

Duration and Exercise Price

Each Pre-funded
Warrant offered hereby will have an initial exercise price per share equal to $0.001. The Pre-funded Warrants will be immediately exercisable
and may be exercised at any time until the Pre-funded Warrants are exercised in full provided that the registration statement of which
this prospectus forms a part or another registration statement is available for the issuance of the shares of common stock underlying
the Pre-funded Warrants unless an exemption from registration is available. The exercise price and number of shares of common stock issuable
upon exercise is subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting
our common stock and the exercise price.

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Exercisability

Each Pre-funded Warrant may
be exercised, in cash or by a cashless exercise at the election of the holder at any time following the date of issuance and from time
to time thereafter until the Pre-funded Warrants are exercised in full. The Pre-funded Warrants will be exercisable in whole or in part
by delivering to us a completed instruction form for exercise and complying with the requirements for exercise set forth in the Pre-funded
Warrant. Payment of the exercise price may be made in cash or pursuant to a cashless exercise, in which case the holder would receive
upon such exercise the net number of shares of common stock determined according to the formula set forth in the Pre-funded Warrant.

Exercise Limitation

In general