Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 13

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 13
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 and we do not expect a market to develop. In addition, we do not intend to apply for a listing of the Warrants on any national securities 
 exchange or other nationally recognized trading system.                                                                                   |

| Risk    
 Factors |     | Investing                                                                                                                            
 in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 8 of this prospectus,                       
 and the other information included, or incorporated by reference, in this prospectus for a discussion of factors you should consider 
 carefully before deciding to invest in our securities.                                                                               |

| (1) | The                                                                                                                                 
 number of shares of common stock to be outstanding following this Offering is based on 9,558,040 outstanding shares of common stock 
 as of June 18, 2025, and excludes:                                                                                                  |

| ● | 50,333 shares of common stock issuable upon the exercise of outstanding stock options, at a weighted average exercise price of $343.59 per share; |

| ● | 392,615                                                                                                                              
 shares of common stock issuable upon the exercise of outstanding warrants, at a weighted average exercise price of $62.86 per share; |

| ● | 73,900,306 shares of common stock available for future issuance under our 2018 Employee Stock Incentive Plan and any other additional shares of our common stock that may become available under our 2018 Employee Stock Incentive Plan; |

| ● | 1 share of common stock issuable upon the conversion of 1 outstanding share of Series 4 Convertible Preferred Stock, at a conversion price of $418,500,000 per share; and |

| ● | 1 share of common stock issuable upon conversion of 126 outstanding shares of Series 5 Convertible Preferred Stock, at a conversion price of $280,968,750 per share. |

Unless otherwise indicated, this prospectus also assumes no sale of Pre-funded Warrants, no exercise of the Common Warrants or the warrants to be issued to the representative (the “Representative’s Warrants”) and no exercise by the representative of its option to purchase additional shares of our common stock and/or Pre-funded Warrants and/or Common Warrants to cover over-allotments, if any.

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SUMMARY FINANCIAL DATA The following tables set forth summary financial data as of, and for the three months ended, March 31, 2025 and 2024, and as of, and for the