Company: XTIA
Filing Date: 2025-03-31
Form Type: 424B5
Source: 0001013762-25-004458
Chunk: 32

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 424B5
Chunk 32
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 the date of this prospectus supplement, we cannot specify with certainty all of the particular uses of the proceeds from this offering.
Accordingly, we will retain broad discretion over the use of such proceeds.

<div align='center'>DIVIDEND POLICY</div>

We have never declared or
paid any cash dividends on our capital stock. We intend to retain all available funds and future earnings, if any, for development and
expansion of our business. Any future determination regarding the declaration and payment of dividends, if any, will be at the discretion
of our board of directors and will depend on then-existing conditions, including our financial condition, operating results, contractual
restrictions, capital requirements, business prospects and other factors our board of directors deems relevant. Investors should not
purchase our common stock with the expectation of receiving cash dividends.

<div align='center'>S-13

CAPITALIZATION</div>

The following table sets forth our cash, cash equivalents
and capitalization as of September 30, 2024:

| ● 
 ● | on an actual basis as of September 30, 2024;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 on a pro forma basis to give effect to (a) the payment of an aggregate of approximately $2.2 million in cash to the holders of Series 9 Preferred Stock to redeem 2,088 shares of Series 9 Preferred Stock and (b) the following issuances subsequent to September 30, 2024 through the date hereof: (i) 1,117,783 shares of common stock in our ATM with Maxim Group LLC for aggregate net proceeds of approximately $14.3 million, (ii) 412,607 shares of common stock in exchange for the return and cancellation of an aggregate of 5,165.121 shares of Series 9 Preferred Stock with an aggregate fair market value of approximately $5.4 million, (iii) 171,895 shares of common stock issued as share-based compensation to Nadir Ali, (iv) 240,229 shares of common stock in exchange for the reduction of the outstanding balance of that certain outstanding secured promissory note issued on May 1, 2024 by an aggregate of approximately $0.8 million, (v) 575.94 shares of Series 9 Preferred Stock as accrued interest in accordance with the Series 9 Preferred Stock Certificate of Designations, (vi) 1,454,546 shares of common stock at an offering price of