Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 36

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 36
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 available for distribution. The holders of our common stock have no preemptive, subscription,
redemption or conversion rights. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely
affected by, the rights of the holders of any series of preferred stock, which may be designated solely by action of our board of directors
and issued in the future.

In the event of our liquidation,
dissolution or winding up, the holders of our common stock are entitled to receive pro rata our assets which are legally available for
distribution, after payments of all debts and other liabilities and subject to the prior rights of any holders of preferred stock then
outstanding. All of the outstanding shares of our common stock are fully paid and non-assessable. The shares of common stock offered by
this prospectus will also be fully paid and non-assessable.

Registration Rights

Pursuant to the XTI Merger Agreement, we agreed to file a registration
statement under the Securities Act to register the resale of the shares of our common stock issued in the XTI Merger that were not registered
on the Company’s registration statement on Form S-4 filed in connection with the XTI Merger.

Preferred Stock

Our
articles of incorporation permit us to issue up to 5,000,000 shares of preferred stock in one or more series and with rights and preferences
that may be fixed or designated by our board of directors without any further action by our stockholders. Each series of preferred stock
will have the number of shares, designations, preferences, voting powers, qualifications and special or relative rights or privileges
as shall be determined by our board of directors, which may include, among others, dividend rights, voting rights, liquidation preferences,
conversion rights and preemptive rights.

It
is not possible to state the actual effect of the issuance of any shares of preferred stock upon the rights of holders of our common stock
until the board of directors determines the specific rights of the holders of our preferred stock. However, the effects might include,
among other things:

| ● | Impairing dividend rights of our common stock; |

| ● | Diluting the voting power of our common stock; |

| ● | Impairing the liquidation rights of our common stock; and |

| ● | Delaying or preventing a change of control without further action by our stockholders. |

Series 4 Preferred Stock

Our board of directors
designated 10,415 shares of preferred