Company: XTIA
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001013762-25-004468
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Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into
a Material Definitive Agreement.

On March 28, 2025, XTI Aerospace,
Inc. (the “ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with ThinkEquity LLC
(the “ Representative”), as the representative of the underwriters named therein (the “ Underwriters”), relating
to a firm commitment underwritten public offering (the “ Offering”) of 765,200 shares (the “ Shares”) of the Company’s
common stock, par value $0.001 per share (“ Common Stock”), pre-funded warrants (the “ Pre-funded Warrants”) to
purchase up to 2,176,000 shares of Common Stock (the “ Pre-funded Warrant Shares”), and common warrants (the “ Common
Warrants” and together with the Pre-funded Warrants, the “ Warrants”) to purchase up to 2,941,200 shares of Common Stock
(the “ Common Warrant Shares” and together with the Pre-funded Warrant Shares, the “ Warrant Shares”). The combined
public offering price for each share of Common Stock, together with one Common Warrant, is $1.36. The combined public offering price for
each Pre-funded Warrant, together with one Common Warrant, is $1.359. Each share of Common Stock, or a Pre-funded Warrant in lieu thereof,
is being sold together with one Common Warrant.

Each Pre-funded Warrant will
be immediately exercisable, will have an exercise price of $0.001 per share and may be exercised at any time until all of the Pre-funded
Warrants are exercised in full. Each Common Warrant will have an exercise price of $1.36 per share, will be exercisable immediately and
will expire on the fifth anniversary of the date of issuance.

The Offering is being made
pursuant to the Company’s registration statement on Form S-3 (File No 333-279901), previously filed with the Securities and Exchange
Commission (the “ SEC”) on May 31, 2024, as amended on June 14, 2024 and declared effective on June 18, 2024, a base prospectus
included therein, a preliminary prospectus supplement dated March 27, 2025 and a final prospectus supplement dated March 28, 2025.

The closing of the Offering
is expected to occur on March 31, 2025. The net proceeds to the Company from