Company: XTIA
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037074
Chunk: 16

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-30
Form: 424B3
Chunk 16
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 approximately ($7.7 million), or ($4.58) per share of Common Stock. Net tangible book value (deficit)
per share is calculated by subtracting our total liabilities from our total tangible assets, which is total assets less intangible assets,
and dividing this amount by the number of shares of Common Stock outstanding.

Our pro forma net tangible
book value as of December 31, 2024, was approximately $17.1 million, or $2.95 per share of Common Stock, after giving effect to (i) the
payment of an aggregate of approximately $1.4 million in cash to the holders of Series 9 Preferred Stock to redeem 1,331 shares of Series
9 Preferred Stock, (ii) the sale of an aggregate of 169,299 shares of Common Stock pursuant to our at-the-market sales agreement with Maxim Group LLCfor net proceeds of approximately $1.7 million, (iii) the issuance of an aggregate of 240,229 shares of Common
Stock in exchange for the reduction of the outstanding balance of that certain secured promissory note issued on May 1, 2024 by an aggregate
of approximately $0.8 million, (iv) the sale of 1,454,546 shares of Common Stock in the January Offering for aggregate net proceeds of
approximately $18.3 million, (v) the issuance of 173,241 shares of Common Stock due to the rounding up of fractional shares resulting
from the 1-for-250 reverse stock split effected on January 10, 2025, (vi) the sale of 765,200 shares of Common Stock, Pre-funded Warrants
to purchase up to 2,176,000 shares of Common Stock, and Common Warrants to purchase up to 2,941,200 shares of Common Stock in the March
Offering for aggregate net proceeds of approximately $3.3 million, (vii) the use of approximately $2.7 million of the net proceeds from
the March Offering to repay in full all amounts outstanding, including a 115% prepayment penalty, in respect of two secured promissory
notes issued by the Company to Streeterville Capital, LLC on May 1, 2024 and May 24, 2024, and (viii) the issuance of 1,300,000 shares
of Common Stock for an aggregate of $1,300 pursuant to exercises of Pre-funded Warrants prior to April 15, 2025