Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 54

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 54
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 Shares to the holder, the Preferred Shares were cancelled. The Preferred Exchange 
 Shares were issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act, on the basis that       
 (a) the Preferred Exchange Shares were issued in exchange for other outstanding securities of the Company; (b) there was no additional       
 consideration delivered by the holder in connection with the exchanges and (c) there were no commissions or other remuneration paid by       
 the Company in connection with the exchanges.                                                                                                |

| 15. | On April 30, 2024 and May 1, 2024, the Company entered into exchange                                                                           
 agreements with the holders of the May 2023 Warrants (the “Existing Warrants”), which were exercisable for an aggregate of                     
 3,675 shares of Common Stock. Pursuant to the exchange agreements, the Company issued to the warrant holders 0.70 shares of Common Stock       
 for each Existing Warrant, for an aggregate of 2,573 shares of Common Stock, in exchange for the Existing Warrants. Following the consummation 
 of the warrant exchange, the Existing Warrants were cancelled. The shares of Common Stock issued in exchange for the Existing Warrants         
 were issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act, on the basis that (a) the        
 shares of Common Stock were issued in exchange for other outstanding securities of the Company; (b) there was no additional consideration      
 delivered by the warrant holders in connection with the warrant exchange and (c) there were no commissions or other remuneration paid          
 by the Company in connection with the warrant exchange.                                                                                        |

| 16. | On May 30, 2024, the Company entered into an exchange agreement with                                                                              
 the holder of certain warrants to purchase an aggregate of 771 shares of the Company’s Common Stock (the “Assumed Warrants”),                     
 which Assumed Warrants were originally issued by Legacy XTI and assumed by the Company in connection with the XTI Merger. Pursuant to             
 the exchange agreement, the Company issued the warrant holder 462 shares of Common Stock in exchange for the Assumed Warrants. Following          
 the consummation of the warrant exchange, the Assumed Warrants were cancelled. The shares of Common Stock issued in exchange for the Assumed      
 Warrants were issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities