Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 53

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 53
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 Representative’s Warrants may
be adjusted in certain circumstances including in the event of a stock dividend or our recapitalization, reorganization, merger or consolidation.
However, the Representative’s Warrant exercise price or underlying shares will not be adjusted for issuances of shares of common
stock at a price below the warrant exercise price.

Lock-Up Agreements

Pursuant to “lock-up”
agreements, we, and our executive officers, directors and affiliates have agreed, without the prior written consent of the representative,
not to, directly or indirectly, offer to sell, sell, pledge or otherwise transfer or dispose of any of shares of (or enter into any transaction
or device that is designed to, or could be expected to, result in the transfer or disposition by any person at any time in the future
of) our 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 our 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 our 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 the date of this
prospectus, and with respect to our executive officers and directors, a period of 90 days from the date of this prospectus.

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Additionally, we have agreed
that for a period of 90 days from the date of this prospectus, we will not directly or indirectly offer to sell, sell, contract to sell,
grant any option to sell or otherwise dispose of shares of our capital stock or any securities convertible into or exercisable or exchangeable
for shares of our capital stock in any “at-the-market,” continuous equity transaction or variable rate transaction, without
the prior written consent of the representative.

Discretionary Accounts

The underwriters do not
intend to confirm sales of the shares of common stock and/or Pre-funded Warrants and the Common Warrants offered hereby to any accounts
over which they have discretionary authority.

Nasdaq Capital Market Listing

Our common stock is listed
on The Nasdaq Capital Market under the symbol “XTIA”. There is no established trading market