Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 21

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 21
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4 and May 24, 2024, and (viii) the issuance of 1,300,000 shares
of Common Stock for an aggregate of $1,300 pursuant to exercises of Pre-funded Warrants prior to April 15, 2025 (collectively, the “Pro
Forma Adjustments”).

After giving further effect
to the exercise of the Warrants for the underlying 4,036,987 shares of Common Stock for an aggregate exercise price of $5,500,905, and
after deducting any offering expenses payable by us, we would have had a net tangible book value as of December 31, 2024 of approximately
$22.6 million, or $2.30 per share of Common Stock. This represents an immediate decrease in net tangible book value of $(0.65) per share
to our existing stockholders and an immediate dilution in net tangible book value to the holders of the Placement Agent Warrants, the
Pre-funded Warrants, the Common Warrants and the Representative Warrants.

The following table illustrates
this dilution on a per share basis:

| Placement Agent Warrant exercise price per share                                                |     |   |       |   |     | $ | 17.1875 |
| Pre-funded Warrant exercise price per share                                                     |     |   |       |   |     | $ |   0.001 |
| Common Warrant exercise price per share                                                         |     |   |       |   |     | $ |    1.36 |
| Representative Warrant exercise price per share                                                 |     |   |       |   |     | $ |    1.70 |
| Historical net tangible book value per share as of December 31, 2024                            |     | $ | (4.58 | ) |     |   |         |
| Increase per share attributable to the Pro Forma Adjustments                                    |     |   |  7.53 |   |     |   |         |
| Pro forma net tangible book value per share as of December 31, 2024                             |     |   |       |   |     | $ |    2.95 |
| Decrease in net tangible book value per share attributable to the exercise of all the Warrants  |     |   | (0.65 | ) |     |   |         |
| Pro forma, as adjusted net tangible book value per share after the exercise of all the Warrants |     |