Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 35

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 35
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 ● | 1 share of common stock issuable upon the conversion of 1 outstanding share of Series 4 Convertible Preferred Stock, at a conversion 
 price of $418,500,000 per share; and                                                                                                 |

| ● | 1 share of common stock issuable upon conversion of 126 outstanding shares of Series 5 Convertible Preferred Stock, at a conversion 
 price of $280,968,750 per share.                                                                                                    |

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DESCRIPTION OF SECURITIES</div>

The following
information describes our authorized capital stock, as well as certain provisions of our organizational documents and Nevada law. This
description is only a summary, does not purport to be complete and is qualified in its entirety by reference to our organizational documents,
copies of which have been filed or incorporated by reference as exhibits to the registration statement of which this prospectus forms
a part.

Common Stock

Under our articles of incorporation, as amended, we are authorized
to issue up to 500,000,000 shares of common stock, par value $0.001 per share. As of June 11, 2025, 8,189,540 shares of common stock were
issued and outstanding. Our authorized but unissued shares of common stock are available for issuance without further action by our stockholders,
unless such action is required by applicable law or the rules of any stock exchange or automated quotation system on which our securities
may be listed or traded.

The holders of our common
stock are entitled to one vote per share. In addition, the holders of our common stock will be entitled to receive pro rata dividends,
if any, declared by our board of directors out of legally available funds; however, the current policy of our board of directors is to
retain earnings, if any, for operations and growth. Upon liquidation, dissolution or winding-up, the holders of our common stock are entitled
to share ratably in all assets that are legally available for distribution. The holders of our common stock have no preemptive, subscription,
redemption or conversion rights. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely
affected by, the rights of the holders of any series of preferred stock, which may be designated solely by action of our board of directors
and issued in the future.

In the event of our liquidation,
dissolution or winding up, the holders of our common stock are entitled to receive pro rata our assets which are