Company: XTIA
Filing Date: 2025-03-31
Form Type: 424B5
Source: 0001013762-25-004458
Chunk: 92

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 424B5
Chunk 92
---
 or not consenting in writing to such
removal would be sufficient to elect such director if voted cumulatively at an election at which the same total number of votes were cast
(or, if such action is taken by written consent, all shares entitled to vote, were voted) and the entire number of directors authorized
at the time of the directors’ most recent election were then being elected. Our bylaws also provide that when, by the provisions
of our articles of incorporation, the holders of the shares of any class or series voting as a class or series are entitled to elect one
or more directors, any director so elected may be removed only by the applicable vote of the holders of the shares of that class or series.

Board Action Without Meeting

Our bylaws provide that the board may take action
without a meeting if all the members of the board consent to the action in writing. Board action through consent allows the board to make
swift decisions, including in the event that a hostile takeover threatens current management.

No Cumulative Voting

Our bylaws and articles of incorporation do not
provide the right to cumulate votes in the election of directors. This provision means that the holders of a plurality of the shares voting
for the election of directors can elect all of the directors. Non-cumulative voting makes it more difficult for an insurgent minority
stockholder to elect a person to the board of directors.

Stockholder Proposals

Except to the extent required under applicable
laws, we are not required to include on our proxy card, or describe in our proxy statement, any information relating to any stockholder
proposal and disseminated in connection with any meeting of stockholders.

Amendments to Articles of Incorporation and Bylaws

Our articles of incorporation give both the directors
and the stockholders the power to adopt, alter or repeal the bylaws of the corporation. Any adoption, alteration, amendment, change or
repeal of the bylaws by the stockholders requires an affirmative vote by a majority of the outstanding stock of the company. Any bylaw
that has been adopted, amended, or repealed by the stockholders may be amended or repealed by the board, except that the board shall have
no power to change the quorum for meetings of stockholders or of the board or to change any provisions of the bylaws with respect to the
removal of directors or the filling of vacancies in the board resulting from the removal by the stockholders. Any proposal to amend, alter,
change or repeal any provision