Company: XTIA
Filing Date: 2025-03-31
Form Type: 424B5
Source: 0001013762-25-004458
Chunk: 71

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 424B5
Chunk 71
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 and the rules and regulations promulgated thereunder. Holders of Series 4 Preferred Stock who are subject to such
beneficial ownership limitation are and will remain responsible for ensuring their own compliance with Regulation 13D-G promulgated under
the Exchange Act, consistent with their individual facts and circumstances. In addition, pursuant to Rule 13d-3(d)(1)(i) promulgated under
the Exchange Act, any person who acquires Series 4 Preferred Stock with the purpose or effect of changing or influencing the control of
our company, or in connection with or as a participant in any transaction having such purpose or effect, immediately upon such acquisition
will be deemed to be the beneficial owner of the underlying common stock.

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Series 5 Preferred Stock

Our board of directors designated 12,000 shares
of preferred stock as Series 5 Convertible Preferred Stock, $0.001 par value with a stated value of $1,000 (the “Series 5 Preferred
Stock”). The Series 5 Preferred Stock was originally issued in our rights offering consummated on January 15, 2019. As of June
14, 2024, there were 126 shares of Series 5 Preferred Stock outstanding convertible into 1 share of common stock. Our board of
directors may, without stockholder approval, issue shares of an additional class or series of preferred stock with voting and conversion
rights which could adversely affect the voting power of the holders of the Series 5 Preferred Stock, except as prohibited by the certificate
of designation of preferences, rights and limitations of the Series 5 Preferred Stock.

Conversion. Each share of Series 5 Preferred
Stock will be convertible at the option of the holder at any time, into the number of shares of our common stock determined by dividing
the $1,000 stated value per share of the Series 5 Preferred Stock by a conversion price of $1,123,875 per share. In addition, the conversion
price per share is subject to adjustment for stock dividends, distributions, subdivisions, combinations or reclassifications. Subject
to limited exceptions, a holder of the Series 5 Preferred Stock will not have the right to convert any portion of the Series 5 Preferred
Stock to the extent that, after giving effect to the conversion, the holder, together with its affiliates, would beneficially own in excess
of 4.99% (subject to adjustment to up to 9.99% solely