Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 37

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 37
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 issue shares of an additional class or series of preferred stock with voting and conversion rights which
could adversely affect the voting power of the holders of the Series 4 Preferred Stock, except as prohibited by the certificate of designation
of preferences, rights and limitations of the Series 4 Preferred Stock.

.Each
share of Series 4 Preferred Stock is convertible, at any time and from time to time at the option of the holder thereof, into that number
of shares of common stock determined by dividing the stated value of $1,000 by the current conversion price equal to $418,500,000 per
share. In addition, the conversion price per share is subject to adjustment for stock dividends, distributions, subdivisions, combinations
or reclassifications. A holder of the Series 4 Preferred Stock will not have the right to convert any portion of the Series 4 Preferred
Stock to the extent that, after giving effect to the conversion, the holder, together with its affiliates, would beneficially own in excess
of 4.99% (subject to adjustment to up to 9.99% solely at the holder’s discretion upon 61 days’ prior notice to us) of the
number of shares of our common stock outstanding immediately after giving effect to its conversion.

.
In the event we effect certain mergers, consolidations, sales of substantially all of our assets, tender or exchange offers, reclassifications
or share exchanges in which our common stock is effectively converted into or exchanged for other securities, cash or property, we consummate
a business combination in which another person acquires more than 50% of the outstanding shares of our common stock, then, upon any subsequent
conversion of the Series 4 Preferred Stock, the holders of the Series 4 Preferred Stock will have the right to receive any shares of the
acquiring corporation or other consideration it would have been entitled to receive if it had been a holder of the number of shares of
common stock then issuable upon conversion in full of the Series 4 Preferred Stock.

.Holders
of the Series 4 Preferred Stock will be entitled to receive dividends equal (on an “as converted to common stock” basis) to
and in the same form as dividends actually paid on shares of our common stock when, as and if such dividends are paid on shares of our
common stock. No other dividends will be paid on shares of Series 4 Preferred Stock.

. Except
as otherwise provided in the certificate of designation or as otherwise required by law, the Series