Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 2

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 2
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404 Shares of Common Stock Underlying such Pre-funded Warrants

Up to 4,558,404 Common Warrants to Purchase up to 4,558,404 Shares of Common Stock

Up to 4,558,404 Shares of Common Stock Underlying such Common Warrants

XTI Aerospace, Inc.

This is a firm commitment public offering
(the “Offering”) of up to 4,558,404 shares of common stock, par value $0.001 per share, of XTI Aerospace, Inc., and
warrants to purchase up to 4,558,404 shares of common stock (the “Common Warrants”). The assumed public offering price
for each share of common stock, together with one accompanying Common Warrant, is $3.51 (which is the last reported sales price of
our common stock on the Nasdaq Capital Market (“Nasdaq”) on June 18, 2025). Each share of our common stock is being sold
together with one Common Warrant. Each Common Warrant will have an exercise price of
$ per share (125% of the offering price of the shares sold in this Offering), will be exercisable immediately and will expire on the fifth
anniversary of the date of issuance. The shares of our common stock and the Common Warrants are immediately separable and will be
issued separately, but will be purchased together in this Offering. This Offering also includes the shares of common stock issuable
upon exercise of the Common Warrants.

We are also offering to those purchasers,
if any, whose purchase of shares of common stock in this Offering would otherwise result in the purchaser, together with its affiliates
and certain related parties, beneficially owning more than 4.99% (or, at the election of such purchaser, 9.99%) of our outstanding shares
of common stock immediately following the consummation of this Offering, the opportunity to purchase, if the purchaser so chooses, pre-funded
warrants (the “Pre-funded Warrants”), in lieu of shares of common stock that would otherwise result in the purchaser’s
beneficial ownership exceeding 4.99% (or, at the election of such purchaser, 9.99%) of our outstanding shares of common stock. Each Pre-funded
Warrant will be immediately exercisable for one share of common stock and may be exercised at any time until all of the Pre-funded Warrants
are exercised in full. Each Pre-funded Warrant is being issued together with the same