Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 9

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 9
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 with VTOL innovation, we believe
we are positioning the Company to accelerate the development of both unmanned aerial vehicles (“UAV”) and VTOL solutions,
expand its market presence, and create new revenue-generating opportunities across multiple industries. We will also be opportunistic
and may consider other strategic transactions, which may include, but not be limited to, other alternative investment opportunities, such
as minority investments and joint ventures. If we make any acquisitions in the future, we expect that we may pay for such acquisitions
with cash, equity securities and/or debt in combinations appropriate for each acquisition.

Recent Events

January 2025 Registered Direct Offering

On January 7, 2025, we entered
into a placement agency agreement with ThinkEquity LLC (“ThinkEquity”), pursuant to which we sold directly to various investors,
in a best efforts public offering (the “January 2025 Offering”), an aggregate of 1,454,546 shares of common stock at an offering
price of $13.75 per share. The January 2025 Offering closed on January 10, 2025, resulting in net proceeds to the Company, after deducting
commissions and expenses, of approximately $18.3 million. As part of its compensation for acting as placement agent for the January 2025
Offering, we issued to ThinkEquity placement agent warrants to purchase an aggregate of 72,727 shares of common stock. The placement agent
warrants were exercisable commencing January 10, 2025, expire January 8, 2030 and have an exercise price of $17.1875 per share.

March 2025 Underwritten Offering and Debt Repayment

On March 28, 2025, the Company
entered into an underwriting agreement with ThinkEquity, as the representative of the underwriters named therein, pursuant to which we
sold, in an underwritten offering (the “March 2025 Offering”) 765,200 shares of common stock, pre-funded warrants to purchase
up to 2,176,000 shares of common stock, and common warrants to purchase up to 2,941,200 shares of common stock. The combined public offering
price for each share of common stock, together with one common warrant, was $1.36. The combined public offering price for each pre-funded
warrant, together with one common warrant, was $1.359. Each share of common stock, or a pre-funded warrant in lieu thereof, was sold