Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 50

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 50
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2 (the “December 2022 Note”)                
 at a price of $1,390 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, dated December 29, 2023, pursuant to which the Company and the note holder agreed to (i) partition 
 new promissory notes in the form of the December 2022 Note in the original principal amount of $722,800 and then cause the outstanding      
 balance of the December 2022 Note to be reduced by $722,800 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.                   |

| 9. | On May 15, 2023, the Company entered into a warrant purchase agreement                                                                     
 with multiple purchasers for the purchase and sale of warrants (as amended on June 20, 2023, the “May 2023 Warrants”) to purchase          
 up to an aggregate of 6,000 shares of Common Stock at a purchase price per warrant of $250. The May 2023 Warrants had an initial exercise  
 price $6,500, subject to adjustment pursuant to the terms of the May 2023 Warrants with a floor exercise price of $2,500 per share. Each   
 May 2023 Warrant was immediately exercisable upon issuance for one share of Common Stock and had a term of exercise of one year from the   
 issuance date, unless extended by the Company with the consent of the warrant holder. The May 2023 Warrants and the shares of Common Stock 
 issuable upon exercise of the May 2023 Warrants were offered pursuant to the exemption from registration provided in Section 4(a)(2) of    
 the Securities Act and Rule 506 of Regulation D promulgated thereunder. The Company received aggregate gross proceeds from the sale of     
 the May 2023 Warrants of $1.