Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 32

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 32
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 and immediate dilution of $1.29 per share
to new investors purchasing our common stock in this Offering.

The foregoing discussion and
table assume no exercise of the Pre-funded Warrants, the Common Warrants and the Representative’s Warrants to be issued in this
Offering. In addition, we may choose to raise additional capital due to market conditions or strategic considerations. To the extent that
additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result
in further dilution to our stockholders.

The number of shares of
common stock outstanding set forth in the table above excludes, as of March 31, 2025:

| ● | 50,333 shares of common stock issuable upon the exercise of outstanding stock options, at a weighted average exercise price of $343.59 per share; |

| ● | 5,038,115 shares of common stock issuable upon the exercise of outstanding warrants, at a weighted average exercise price of $5.65 per share; |

| ● | 72,942,798 shares of common stock available for future issuance under our 2018 Employee Stock Incentive Plan and any other additional shares of our common stock that may become available under our 2018 Employee Stock Incentive Plan; |

| ● | 1 share of common stock issuable upon the conversion of 1 outstanding share of Series 4 Convertible Preferred Stock, at a conversion price of $418,500,000 per share; and |

| ● | 1 share of common stock issuable upon conversion of 126 outstanding shares of Series 5 Convertible Preferred Stock, at a conversion price of $280,968,750 per share. |

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DESCRIPTION OF SECURITIES</div>

The following
information describes our authorized capital stock, as well as certain provisions of our organizational documents and Nevada law. This
description is only a summary, does not purport to be complete and is qualified in its entirety by reference to our organizational documents,
copies of which have been filed or incorporated by reference as exhibits to the registration statement of which this prospectus forms
a part.

Common Stock

Under our articles of incorporation,
as amended, we are authorized to issue up to 500,000,000 shares of common stock, par value $0.001 per share. As of June 18, 2025, 9,558,040
shares of common stock were issued and outstanding. Our authorized but