Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 8

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 8
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 the underwriters named therein, pursuant to which we
sold, in an underwritten offering (the “March 2025 Offering”) 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. The combined public offering
price for each share of common stock, together with one common warrant, was $1.36. The combined public offering price for each pre-funded
warrant, together with one common warrant, was $1.359. Each share of common stock, or a pre-funded warrant in lieu thereof, was sold together
with one common warrant. The March 2025 Offering closed on March 31, 2025, resulting in net proceeds to the Company, after deducting commissions
and expenses, of approximately $3.4 million. The Company used approximately $2.7 million of the net proceeds from the March 2025 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 (“Streeterville”) on May 1, 2024 and May 24, 2024.

The pre-funded warrants were
immediately exercisable upon issuance, have an exercise price of $0.001 per share and may be exercised at any time until all of the pre-funded
warrants are exercised in full. The common warrants were immediately exercisable upon issuance, have an exercise price of $1.36 per share,
and expire on the fifth anniversary of the date of issuance.

As part of its compensation
for serving as representative in connection with the March 2025 Offering, we issued ThinkEquity representative warrants to purchase up
to 147,060 shares of common stock. The representative warrants were immediately exercisable upon issuance, have an exercise price of $1.70
per share and expire on March 28, 2030.

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Settlement Agreement On March 27, 2025, the Company entered into a settlement agreement with 3AM Investments LLC, an entity controlled by Nadir Ali (“Ali”), the Company’s former Chief Executive Officer and a former director of the Company (“3AM”), Grafiti Group LLC (“Grafiti Group”) and Ali (the “Settlement Agreement”). As a result of the Settlement Agreement, among