Company: XTIA
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001213900-25-087270
Chunk: 43

Company: XTI Aerospace, Inc.
Filing Date: 2025-09-12
Form: 424B5
Chunk 43
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 expire March 28, 2030 and have an exercise price of $1.70 per share. Additionally, we reimbursed ThinkEquity for $175,000 of actual out-of-pocket offering expenses.

On May 13, 2025, we entered into another advisory agreement with ThinkEquity, pursuant to which we agreed to issue 125,000 shares of restricted common stock, subject to certain registration rights, to ThinkEquity in consideration for financial advisory services agreed to be rendered to the Company pursuant to the advisory agreement. ThinkEquity did not receive any demand or piggyback registration rights with respect to such shares. Accordingly, such registration rights comply with FINRA Rule 5110(g)(8)(C) and (D). Such shares have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110 (d)(1)(A) of FINRA.

ThinkEquity served as representative
of the underwriters of the June Offering. In connection with the initial closing of the June Offering on June 26, 2025 and the closings
of the over-allotment option exercises during July 2025, ThinkEquity received an aggregate of $1,287,965 of underwriting commissions
and warrants to purchase 525,701 shares of common stock, which were exercisable immediately upon issuance, expire on the five-year anniversary
of the commencement of sales of securities in the June Offering, and have an exercise price of $2.1875 per share. Additionally, we reimbursed
ThinkEquity for $175,000 of actual out-of-pocket offering expenses.

<div align='center'>S-21

LEGAL MATTERS</div>

The validity of the securities offered hereby will be passed upon for us by Mitchell Silberberg & Knupp LLP, New York, New York. Blank Rome LLP, New York, New York, has acted as counsel for the placement agent in connection with certain legal matters related to this offering.

<div align='center'>EXPERTS</div>

The audited consolidated financial statements of the Company and its subsidiaries, as of and for the years ended December 31, 2024 and 2023, have been incorporated by reference into this prospectus supplement in reliance upon the report of Marcum LLP, independent registered public accounting firm, upon the authority of said firm as experts in accounting and auditing.

The audited financial statements of XTI Aircraft Company as of and for the years ended December 31,