Company: XTIA
Filing Date: 2025-03-31
Form Type: 424B5
Source: 0001013762-25-004458
Chunk: 88

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 424B5
Chunk 88
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) of the Company (other than as a result of a subdivision, combination, or stock dividend), a holder of a Financing Warrant
will have the right at any time before the expiration of such Financing Warrant to purchase, at a total price equal to that payable upon
the exercise of the Financing Warrant, the kind and amount of shares of stock and other securities and property receivable in connection
with such reclassification, reorganization, or change by a holder of the same number of shares of common stock as were purchasable by
the holder immediately before such reclassification, reorganization, or change.

The Financing Warrants may be transferred at the
option of the holder upon surrender of such warrants to us together with the appropriate instruments of transfer.

No fractional shares of common stock will be issued
in connection with the exercise of a Financing Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to
the fractional amount multiplied by the exercise price.

Replacement Warrants

In December 2022, Legacy XTI issued warrants
to purchase shares of Legacy XTI common stock (the “Replacement Warrants”) to certain transferees of a former service provider
to whom Legacy XTI had previously granted a 10-year warrant to purchase shares of Legacy XTI common stock. As of June 14, 2024, there
were outstanding Replacement Warrants to purchase up to 30,792 shares of our common stock at an exercise price of $0.12 per share.

The Replacement Warrants were immediately exercisable
upon issuance to the transferees and expire in May 2028. The exercise price is subject to appropriate adjustment in the event of certain
stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our common stock. In
addition, if the Company consolidates or merges with or into another person or entity, or sells all or substantially all of its assets
or stock or enters into any other similar transaction, liquidation, recapitalization or reorganization (any such action, a “Reorganization”),
a holder of a Replacement Warrant will be entitled to receive, upon exercise of such Replacement Warrant, the number of shares of stock
or other securities or property to which a holder of the number of shares of common stock that would otherwise have been deliverable upon
exercise of such warrant would have been entitled upon such Reorganization if such Replacement Warrant had been exercised in full immediately
prior to such Re