Company: XTIA
Filing Date: 2025-01-10
Form Type: 8-K
Source: 0001213900-25-002385
Chunk: 5

Company: XTI Aerospace, Inc.
Filing Date: 2025-01-10
Form: 8-K
Item: Item 3.03
Chunk 5
---
Item 3.03 Material Modification to Rights of
Security Holders.

To the extent required by
Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split contained in Item 5.03 of this Current Report on Form 8-K is
incorporated by reference herein.

Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.

On January 7, 2025, the Company
filed the Reverse Stock Split Amendment with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio
of 1-for-250, effective as of 12:01 a. m., Eastern Time, on January 10, 2025. As previously reported by the Company, the Company held its
2024 annual meeting of stockholders on December 27, 2024 (the “ Annual Meeting”), at which meeting, the Company’s stockholders
approved the amendment to the Articles of Incorporation to effect a reverse stock split of the Company’s Common Stock at a ratio
in the range of 1-for-2 to 1-for-250, with such ratio to be determined by the Company’s board of directors (the “ Board”).
Following the Annual Meeting, the Board determined to effect the Reverse Stock Split at a ratio of 1-for-250 and approved the corresponding
final form of the Certificate of Amendment.

As a result of the Reverse
Stock Split, every 250 shares of issued and outstanding Common Stock was automatically combined into one issued and outstanding share
of Common Stock. The Common Stock will begin trading on a Reverse Stock Split-adjusted basis on the Nasdaq Capital Market on January 10,
2025. The trading symbol for the Common Stock will remain “ XTIA.” The new CUSIP number for the Common Stock following the
Reverse Stock Split is 98423K 405.

No fractional shares of Common
Stock were issued in connection with the Reverse Stock Split. If, as a result of the Reverse Stock Split, a stockholder would otherwise
have held a fractional share, the stockholder received, in lieu of the issuance of such fractional share, one whole share of Common Stock.
The conversion or exercise price of and the number of shares issuable under the Company’s outstanding securities convertible into
or exercisable for Common Stock adjusted on a per holder basis, and if, as a result of the Reverse Stock Split, the number of shares issuable
under any securities convertible