Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 37

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 37
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gether with its affiliates) may not exercise any portion of the Placement Agent Warrants to the extent that the holder
would beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to the exercise,
as such percentage ownership is determined in accordance with the terms of the Pre-funded Warrant. However, a holder may increase or decrease
such percentage to any other percentage not in excess of 9.99% upon notice to us, provided, that any increase in this limitation will
not be effective until 61 days after such notice from the holder to us and such increase or decrease will apply only to the holder providing
such notice. No fractional shares of Common Stock will be issued in connection with the exercise of a Placement Agent Warrant. In lieu
of fractional shares, we will either pay the holder an amount in cash equal to the fractional amount multiplied by the exercise price
or round up to the next whole share.

Cashless Exercise

In lieu of making the cash
payment otherwise contemplated to be made to us upon exercise of a Placement Agent Warrant in payment of the aggregate exercise price,
the holder may elect instead to receive upon such exercise (either in whole or in part) the net number of shares of Common Stock determined
according to a formula set forth in the Placement Agent Warrants. Additionally, on the expiration date of the Placement Agent Warrants,
any Placement Agent Warrants outstanding and unexercised will be automatically exercised via cashless exercise as provided therein. In
such event, we will not receive any cash proceeds.

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Transferability

Subject to applicable laws,
a Placement Agent Warrant may be transferred at the option of the holder upon surrender of the Placement Agent Warrant to us together
with the appropriate instruments of transfer; provided, however, the Placement Agent Warrants may not be sold, transferred, assigned,
pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the
effective economic disposition of the warrants or the underlying securities for a period of 180 days following the commencement of sales
of the securities issued in the January Offering.

Trading Market

There is no trading market
available for the Placement Agent Warrants on any securities exchange or nationally recognized trading system.

Right as a Stockholder

Except as otherwise provided
in the Placement Agent Warrants or by virtue of such holder’s ownership of shares of our Common Stock