Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 30

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 30
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 ended March 31, 2025 (the “1Q 2025 Form 10-Q”) and the audited consolidated financial statements and related notes
and the unaudited condensed consolidated financial statements and related notes included in the 2024 Form 10-K and the 1Q 2025 Form 10-Q,
respectively.

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|                                                                                                                                                                                                                                      |     | As of March 31, 2025  
 (in thousands, except 
 number of shares      
 and par value data)   |          |   |     |            |          |   |     |              |          |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------------------|---------:|:--|:----|:-----------|---------:|:--|:----|:-------------|---------:|:--|
|                                                                                                                                                                                                                                      |     | Unaudited,            |          |   |     | Unaudited, |          |   |     | Unaudited,   
 Pro Forma As |          |   |
|                                                                                                                                                                                                                                      |     | Actual                |          |   |     | Pro Forma  |          |   |     | Adjusted     |          |   |
| Cash and Cash Equivalents                                                                                                                                                                                                            |     | $                     |    8,008 |   |     | $          |    9,915 |   |     | $            |   28,083 |   |
| Stockholders’ Equity                                                                                                                                                                                                                 |     |                       |          |   |     |            |          |   |     |              |          |   |
| Common stock - $0.001 par value; 500,000,000 shares authorized; 4,787,540 shares outstanding as of March 31, 2025; 8,189,540 shares outstanding on a pro forma basis; 12,149,936 shares outstanding on a pro forma as adjusted basis |     |                       |        5 |   |     |            |        8 |   |     |              |       12 |   |
| Preferred stock - $0.001 par value; 5,000,000 shares authorized                                                                                                                                                                      |     |                       |          |   |     |            |          |   |     |              |          |   |
| Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1, 1 and 1 issued and outstanding, actual, pro