Company: XTIA
Filing Date: 2025-08-01
Form Type: S-3
Source: 0001213900-25-070681
Chunk: 42

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-01
Form: S-3
Chunk 42
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 Warrants or by virtue of such holder’s ownership of common stock, the holders of the March 2025 Common Warrants do not have the rights or privileges of holders of our common stock, including any voting rights, until they exercise their March 2025 Common Warrants. The March 2025 Common Warrants provide that holders have the right to participate in distributions or dividends paid on our common stock.

Fundamental Transaction. Upon the consummation of a fundamental transaction (as described in the March 2025 Common Warrants, and generally including any reorganization, recapitalization or reclassification of our shares of common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our merger, amalgamation or consolidation with or into another person (other than any merger or amalgamation or consolidation with or into an operating company or asset of another person that is a business synergistic with our business and where the valuation of such merger or consolidation or amalgamation is 20% or less (30% or less in the event of a merger or consolidation or amalgamation with ReadyMonitor, LLC or an affiliate thereof) of the then market capitalization (based on the average of the five VWAPs immediately prior to the public announcement of such transaction of the Company)), the acquisition of more than 50% of our outstanding shares of common stock, or any person or group becoming the beneficial owner of 50% of the voting power of our outstanding shares of common stock), the holders of the March 2025 Common Warrants will be entitled to receive, upon exercise of the March 2025 Common Warrants, the kind and amount of securities, cash or other property that such holders would have received had they exercised the March 2025 Common Warrants immediately prior to such fundamental transaction, without regard to any limitations on exercise contained in the March 2025 Common Warrants. Additionally, as more fully described in the March 2025 Common Warrants, in the event of certain fundamental transactions, the holders of the March 2025 Common Warrants will be entitled to receive consideration in an amount equal to the Black Scholes value of the March 2025 Common Warrants on the date of consummation of such transaction.

Governing Law. The March 2025 Common Warrants are governed by New York law.

March 2025 Representative’s Warrants

The March 2025 Representative’s Warrants have an exercise price of $1.70 per share. The March 2025 Representative