Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 181

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 Grant Date Fair Value 
  
    Common stock 
    $19,663,008 
  
    Placement Agent Warrants 
    $337,000 

March 2025, June
2025 and September 2025 Public Offerings

As part of the March Offering, June Offering
and September Offering (refer to Note 9), the Company issued pre-funded warrants (the “Pre-funded Warrants”) to purchase
up to an aggregate of 7,012,800 shares of common stock, and common warrants (the “Common Warrants”) to purchase up to an
aggregate of 25,955,200 shares of common stock.

Each Pre-funded Warrant was immediately exercisable
upon issuance, has an exercise price of $0.001 per share and may be exercised at any time until all of the Pre-funded Warrants are exercised
in full. Each Common Warrant was immediately exercisable upon issuance and expires on the fifth anniversary of the date of issuance.
The Common Warrants issued in connection with the March Offering have an exercise price of $1.36. The Common Warrants issued in connection
with the June Offering and the September Offering have an exercise price of $2.00.

Upon closing of the March Offering and June Offering,
the Company issued ThinkEquity, as partial compensation, warrants (the “Representative’s Warrants”) to purchase up to
147,060 and 457,150 shares of common stock, respectively. The Representative’s Warrants issued in connection with the March Offering
and June Offering have an exercise price of $1.70 and $2.1875 per share, respectively. Upon closing of the September Offering, the Company
issued ThinkEquity, as partial compensation, warrants (the “Placement Agent Warrants”) to purchase up to 625,000 shares of
common stock at an exercise price of $2.00 per share. The Representative’s Warrants and the Placement Agent Warrants are exercisable,
in whole or in part, immediately upon issuance until the five-year anniversary of the commencement of sales of securities in the March
Offering, June Offering and September Offering, respectively.

In connection with closing multiple exercises
of the Over-Allotment Option during July 2025 (refer to Note 9), the Company issued ThinkEquity additional Representative’s Warrants
to purchase an aggregate of 68,551 shares of common stock at an exercise price of $2.1875 per share with the same terms as the Representative’s
Warrants