Company: XTIA
Filing Date: 2025-06-03
Form Type: DRS
Source: 0001213900-25-050156
Chunk: 51

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-03
Form: DRS
Chunk 51
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 or loans for their own account or for the accounts of customers, and, accordingly, the underwriters and their affiliates
may at any time hold long or short positions in such securities or loans. Other than as described below, no underwriter has provided any
investment banking or other financial services to us during the 180-day period preceding the date of this prospectus.

On January 10, 2025, we consummated
the January 2025 Offering. ThinkEquity served as placement agent and received $1,400,001 of placement agent fees and warrants to purchase
72,727 shares of common stock, which were exercisable commencing January 10, 2025, expire January 8, 2030 and have an exercise price of
$17.1875 per share. Additionally, we reimbursed ThinkEquity for $175,000 of actual out-of-pocket offering expenses.

On July 30, 2024, we entered
into an agreement with ThinkEquity (which was amended on October 10, 2024 and March 26, 2025), whereby we engaged ThinkEquity to provide
financial advisory services. Pursuant to the agreement, as amended, we issued ThinkEquity 4,000 shares of restricted common stock,
subject to certain registration rights, and we paid ThinkEquity cash fees of $523,000, and we reimbursed ThinkEquity for $3,200 of out-of-pocket
expenses.

On March 31, 2025, we consummated
the March 2025 Offering. ThinkEquity served as representative of the underwriters and received $280,002 of underwriting commissions and
warrants to purchase 147,060 shares of common stock, which were exercisable commencing March 31, 2025, expire March 28, 2030 and have
an exercise price of $1.70 per share. Additionally, we reimbursed ThinkEquity for $175,000 of actual out-of-pocket offering expenses.

On May 13, 2025, we entered
into another advisory agreement with ThinkEquity, pursuant to which we agreed to pay $85,000 in cash and issue 125,000 shares of restricted
common stock, subject to certain registration rights, to ThinkEquity in consideration for financial advisory services agreed to be rendered
to the Company pursuant to the advisory agreement. Fifty percent of the cash fee has been paid, and the remaining balance will be paid
from the proceeds