Company: XTIA
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037074
Chunk: 17

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-30
Form: 424B3
Chunk 17
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 (collectively, the “Pro
Forma Adjustments”).

After giving further effect
to the exercise of the Warrants for the underlying 4,036,987 shares of Common Stock for an aggregate exercise price of $5,500,905, and
after deducting any offering expenses payable by us, we would have had a net tangible book value as of December 31, 2024 of approximately
$22.6 million, or $2.30 per share of Common Stock. This represents an immediate decrease in net tangible book value of $(0.65) per share
to our existing stockholders and an immediate dilution in net tangible book value to the holders of the Placement Agent Warrants, the
Pre-funded Warrants, the Common Warrants and the Representative Warrants.

The following table illustrates
this dilution on a per share basis:

| Placement Agent Warrant exercise price per share                                                |     |   |       |   |     | $ | 17.1875 |
| Pre-funded Warrant exercise price per share                                                     |     |   |       |   |     | $ |   0.001 |
| Common Warrant exercise price per share                                                         |     |   |       |   |     | $ |    1.36 |
| Representative Warrant exercise price per share                                                 |     |   |       |   |     | $ |    1.70 |
| Historical net tangible book value per share as of December 31, 2024                            |     | $ | (4.58 | ) |     |   |         |
| Increase per share attributable to the Pro Forma Adjustments                                    |     |   |  7.53 |   |     |   |         |
| Pro forma net tangible book value per share as of December 31, 2024                             |     |   |       |   |     | $ |    2.95 |
| Decrease in net tangible book value per share attributable to the exercise of all the Warrants  |     |   | (0.65 | ) |     |   |         |
| Pro forma, as adjusted net tangible book value per share after the exercise of all the Warrants |     |   |       |   |     | $ |    2.30 |
| Dilution in net tangible book value per share to investors exercising Placement Agent Warrants  |     |   |       |   |     | $ | 14.8875 |
|