Company: XTIA
Filing Date: 2025-06-03
Form Type: DRS
Source: 0001213900-25-050156
Chunk: 47

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-03
Form: DRS
Chunk 47
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We have agreed to indemnify
the underwriters against specified liabilities, including liabilities under the Securities Act, and to contribute to payments the underwriters
may be required to make in respect thereof.

The underwriters are offering
the shares of common stock (and/or Pre-funded Warrants in lieu thereof) subject to prior sale, when, as and if issued to and accepted
by them, subject to approval of legal matters by their counsel and other conditions specified in the underwriting agreement. The underwriters
reserve the right to withdraw, cancel or modify offers to the public and to reject orders in whole or in part.

We have granted the Representative
an over-allotment option. This option, which is exercisable for up to 45 days after the date of this prospectus, permits the underwriters
to purchase up to an aggregate of additional shares of common stock (and/or Pre-funded Warrants in lieu thereof) (equal to 15% of the
total number of shares of common stock and/or Pre-funded Warrants sold in this Offering, or any combination thereof). The purchase price
of the shares sold upon exercise of the over-allotment option shall be the public offering price per share less $0.0001 per share; the
purchase price of the Pre-funded Warrants sold upon exercise of the over-allotment shall be the public offering price of the Pre-funded
Warrants less $0.0001 per Pre-funded Warrant; in ease case, less underwriting discounts and commissions, solely to cover over-allotments,
if any. If the underwriters exercise this option in whole or in part, then the underwriters will be severally committed, subject to the
conditions described in the underwriting agreement, to purchase the additional shares of common stock (and/or Pre-funded Warrants in lieu
thereof) in proportion to their respective commitments set forth in the prior table.

Discounts, Commissions and Reimbursement

The underwriters propose initially
to offer the shares of common stock (and/or Pre-funded Warrants in lieu thereof) to the public at the public offering price set forth
on the cover page of this prospectus. The underwriters may offer securities to securities dealers at that price less a concession of not
more than $ per share (or Pre-funded Warrant) of which up to $
per share (or Pre-funded Warrant) may be reallowed to other dealers. If all of the shares of common stock and/or Pre-funded Warrants offered
by us