Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 28

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 28
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 and Bylaws

Our articles of incorporation,
our bylaws and the Nevada Revised Statutes (“NRS”) contain provisions that could delay or make more difficult an acquisition
of control of our company not approved by our board of directors, whether by means of a tender offer, open market purchases, proxy contests
or otherwise. These provisions have been implemented to enable us to develop our business in a manner that will foster our long-term growth
without disruption caused by the threat of a takeover not deemed by our board of directors to be in the best interest of our company and
our stockholders. These provisions could have the effect of discouraging third parties from making proposals involving an acquisition
or change of control of our company even if such a proposal, if made, might be considered desirable by a majority of our stockholders.
These provisions may also have the effect of making it more difficult for third parties to cause the replacement of our current management
without the concurrence of our board of directors.

Set forth below is a description
of the provisions contained in our articles of incorporation, bylaws and Nevada Revised Statutes that could impede or delay an acquisition
of control of our company that our board of directors has not approved. This description is intended as a summary only and is qualified
in its entirety by reference to our articles of incorporation and bylaws, forms of each of which are included as exhibits to the registration
statement of which this prospectus forms a part.

Authorized But Unissued Preferred Stock

We are currently authorized
to issue a total of 5,000,000 shares of preferred stock. Our articles of incorporation provide that the board of directors may issue preferred
stock by resolutions, without any action of the stockholders. In the event of a hostile takeover, the board of directors could potentially
use this preferred stock to preserve control.

Classified Board

In accordance with the terms of our bylaws, our board of directors is divided into three classes, with members of each class serving staggered three-year terms.Upon the expiration of the term of a class of directors, directors in that class will be elected for three-year
terms at the annual meeting of stockholders in the year in which their term expires. As such, approximately one-third of our board of
directors will be elected each year and at least two annual meetings of stockholders may be necessary to change a majority of the directors.
The classification of directors makes it more difficult for stockholders to change the composition of our board of directors.

Filling Vacancies