Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 51

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 51
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 any time hold long or short positions in such securities or loans. Other than as described below, no underwriter has provided any
investment banking or other financial services to us during the 180-day period preceding the date of this prospectus.

On January 10, 2025, we consummated
the January 2025 Offering. ThinkEquity served as placement agent and received $1,400,001 of placement agent fees and warrants to purchase
72,727 shares of common stock, which were exercisable commencing January 10, 2025, expire January 8, 2030 and have an exercise price of
$17.1875 per share. Additionally, we reimbursed ThinkEquity for $175,000 of actual out-of-pocket offering expenses.

On July 30, 2024, we entered
into an agreement with ThinkEquity (which was amended on October 10, 2024 and March 26, 2025), whereby we engaged ThinkEquity to provide
financial advisory services. Pursuant to the agreement, as amended, we issued ThinkEquity 4,000 shares of restricted common stock,
subject to certain registration rights, and we paid ThinkEquity cash fees of $523,000, and we reimbursed ThinkEquity for $3,200 of out-of-pocket
expenses.

On March 31, 2025, we consummated
the March 2025 Offering. ThinkEquity served as representative of the underwriters and received $280,002 of underwriting commissions and
warrants to purchase 147,060 shares of common stock, which were exercisable commencing March 31, 2025, 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. We agreed to
register such shares within 60 days of the date of 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)(