Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 592

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 592
---
    Weighted  
    Aggregate 

    Number  
    Average  
    Intrinsic 

    of  
    Exercise  
    Value 

    Warrants  
    Price  
    (in
    thousands) 
  
    Outstanding at January 1, 2023 
     2,903  
    $672.20  
    $— 
  
    Granted 
     415  
    $4,229.23  
    $— 
  
    Exercised 
     —  
    $—  
    $— 
  
    Cancelled 
     (224) 
    $4,201.22  
    $— 
  
    Expired 
     (6) 
    $4,201.22  
    $— 
  
    Exchanged 
     —  
    $—  
    $— 
  
    Outstanding at December
    31, 2023 
     3,088  
    $896.26  
    $— 

    Legacy Inpixon warrants
    from merger 
     5,794  
    $6,106.12  
    $— 
  
    Granted 
     671  
    $3,501.02  
    $— 
  
    Exercised 
     (1,640) 
    $1.74  
    $— 
  
    Cancelled 
     —  
    $—  
    $— 
  
    Expired 
     (374) 
    $28.01  
    $— 
  
    Exchanged 
     (6,411) 
    $417.06  
    $— 
  
    Outstanding at December
    31, 2024 
     1,128  
    $20,343.35  
    $— 

    Exercisable at December
    31, 2023 
     1,574  
    $1,702.71  
    $— 

    Exercisable at December
    31, 2024 
     372  
    $63,685.00  
    $— 

Warrant
Exercises

On March 11, 2024, Legacy XTI entered into an amendment (the “Warrant
Amendment”) with Mesa Airlines (“Mesa”). The Warrant