Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 47

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 47
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 the exercise of the rights to receive shares of Common Stock granted as part of that certain exchange agreement, dated     
 January 28, 2022, by and between the Company and a holder of certain then outstanding warrants of the Company. The offer and sale of such  
 shares was not registered under the Securities Act in reliance on an exemption from registration under Section 3(a)(9) of the Securities   
 Act, in that (a) the shares of Common Stock were issued in exchange for outstanding securities of the Company; (b) there was no additional 
 consideration of value delivered in connection with the exchanges; and (c) there were no commissions or other remuneration paid by the     
 Company in connection with the exchanges.                                                                                                  |

| 4. | On October 17, 2022, the Company issued 4 shares of Common Stock (the                                                                        
 “Exchange Shares”) to the holder of the March 2020 Note at a price of $119,500 per share, which is equal to the Minimum Price                
 as defined in Nasdaq Listing Rule 5635(d) in accordance with the terms and conditions of an exchange agreement, pursuant to which the        
 Company and the note holder agreed to (i) partition new promissory notes in the form of the March 2020 Note in the original principal        
 amount of $400,000 and then cause the outstanding balance of the March 2020 Note to be reduced by $400,000 and (ii) exchange the partitioned 
 note for the delivery of the Exchange Shares. The offer and sale of the Exchange Shares was not registered under the Securities Act, in      
 reliance on an exemption from registration under Section 3(a)(9) of the Securities Act, in that (a) the Exchange Shares were issued in       
 exchange for a partitioned note which was another outstanding security of the Company; (b) there was no additional consideration of value    
 delivered by the note holder in connection with the exchange and (c) there were no commissions or other remuneration paid by the Company     
 in connection with the exchange.                                                                                                             |

| 5. | On February 28, 2023, the Company entered into warrant amendments (the                                                                     
 “Warrant Amendments”) with certain holders (each, including its successors and assigns, a “Holder” and collectively,                       
 the “Holders”) of (i) those certain Common Stock Purchase Warrants issued by the Company in April 2018 (the “April 2018                    
 Warrants”) pursuant