Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 30

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 30
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 issuable upon the conversion of 1 outstanding share of Series 4 Convertible Preferred Stock, at a conversion price of $418,500,000 per share; and |

| ● | 1 share of common stock issuable upon conversion of 126 outstanding shares of Series 5 Convertible Preferred Stock, at a conversion price of $280,968,750 per share. |

<div align='center'>17

DILUTION</div>

If you invest in our securities
in this Offering, your investment will be immediately and substantially diluted to the extent of the difference between the public offering
price per share of our common stock and the pro forma net tangible book value per share of our common stock after giving effect to the
Offering.

Our net tangible book value
as of March 31, 2025 was approximately $0.3 million or $0.07 per share. Net tangible book value per share represents our total tangible
assets less total liabilities, divided by the number of shares of our common stock outstanding.

Our pro forma net tangible
book value as of March 31, 2025, was approximately $8.4 million, or $0.87 per share after taking into account the pro forma adjustments
described in “Capitalization.”

Pro forma as adjusted net
tangible book value dilution per share of common stock to new investors represents the difference between the amount per share of common
stock in the Offering and the pro forma as adjusted net tangible book value per share of common stock immediately after completion of
the Offering. After giving further effect to the sale of (i) 6,231,200 shares of common stock and accompanying Common Warrants to purchase
up to 6,231,200 shares of common stock in this offering at a public offering price of $1.75 per share and accompanying Common Warrant,
and (ii) Pre-funded Warrants to purchase up to 2,911,800 shares of common stock and Common Warrants to purchase 2,911,800 shares of common
stock in this Offering at a public offering price of $1.749 per Pre-funded Warrant and accompanying Common Warrant, assuming no exercise
of any Pre-funded Warrants, Common Warrants or Representative’s Warrants and no exercise of the representative’s over-allotment
option, and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us, our pro forma
as adjusted net tangible book value as of March 31, 2025, would