Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 59

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 in connection with the Chardan Settlement Agreement and, pursuant to the Chardan Settlement Agreement, the parties
agreed that none of the parties owes each other any amount or debt. Pursuant to the Chardan Settlement Agreement, the parties also agreed
that the Engagement Letter is terminated and is of no further force or effect.

35

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 18 - Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation
of basic and diluted loss per share attributable to common stockholders (in thousands, except share and per share data):

    For the Three Months Ended
    September 30,  
    For the Nine Months Ended
    September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Net Loss 
    $(13,446) 
    $(4,435) 
    $(47,176) 
    $(21,747)

    Less: Preferred stock return 
     —  
     (185) 
     (29) 
     (496)
  
    Less: Deemed dividend 
     —  
     (54) 
     —  
     (514)
  
    Net Loss Attributable
    to Common Stockholders, Basic and Diluted 
    $(13,446) 
    $(4,674) 
    $(47,205) 
    $(22,757)

    Net Loss Per Share, Basic
    and Diluted 
    $(0.61) 
    $(33.40) 
    $(4.33) 
    $(308.53)

    Weighted Average Shares Outstanding, Basic
    and Diluted 
     22,065,141  
     139,944  
     10,914,152  
     73,759 

The basic earnings per share calculation for
the three months ended September 30, 2025 included 1,925,000 shares of common stock issuable upon exercise of Pre-funded Warrants that
were issued in connection with the September Offering. The basic earnings per share calculation for the nine months ended September 30,
2025 included 2,176,000, 2,911,800, and 1,925,000