Company: XTIA
Filing Date: 2025-02-13
Form Type: 8-K
Source: 0001213900-25-013569
Chunk: 2

Company: XTI Aerospace, Inc.
Filing Date: 2025-02-13
Form: 8-K
Item: Item 8.01
Chunk 2
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3AM, 3AM will be deemed a “ Required Holder” as long as 3AM holds any shares of Series
9 Preferred Stock. As of February 12, 2025, 3AM was the only holder of outstanding Series 9 Preferred Stock.

Updated Unaudited Selected Financial Data

As previously disclosed, the
Company effected a 1-for-250 reverse stock split of its outstanding common stock, effective as of 12:01 a. m., Eastern Time, on January
10, 2025 (the “ Reverse Stock Split”).

This Current Report on Form
8-K provides certain updated selected financial data of the Company for the years ended December 31, 2023 and 2022, the three months ended
March 31, 2024 and March 31, 2023, the three and six months ended June 30, 2024 and June 30, 2023 and the three and nine months ended
September 30, 2024 and September 30, 2023, as adjusted for the Reverse Stock Split (the “ Updated Selected Financial Data”).
The Updated Selected Financial Data updates and supplements the Company’s audited consolidated financial statements included in
its Annual Report on Form 10-K for the year ended December 31, 2023, filed with Securities and Exchange Commission (the “ SEC”)
on April 16, 2024, the audited financial statements of XTI Aircraft Company for the years ended December 31, 2023 and 2022 included in
the Company’s Current Report on Form 8-K/A filed with the SEC on May 28, 2024, the Company’s unaudited condensed consolidated
financial statements included in its Quarterly Report on Form 10-Q for the three months ended March 31, 2024, filed with the SEC on May
20, 2024, the Company’s unaudited condensed consolidated financial statements included in its Quarterly Report on Form 10-Q for
the three and six months ended June 30, 2024, filed with the SEC on August 14, 2024, and the Company’s unaudited condensed consolidated
financial statements included in its Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2024, filed with
the SEC on November 14, 2024. The Updated Selected Financial Data does not modify or update the disclosures in such reports, other than
as indicated to