Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 187

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 187
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 reporting relating to Legacy XTI, a private company prior to the XTI Merger,
not being previously subject to Section 404 of the Sarbanes-Oxley Act as initially disclosed and further described in our quarterly report
on Form 10-Q for the period ended March 31, 2024 filed with the SEC on May 20, 2024.

In
2024, we completed the Legacy XTI subsidiary’s integration into the Company’s established COSO internal control
framework and based on the results of our evaluation and testing procedures, we determined Legacy XTI’s internal controls to
be effective. As a result, we have concluded that the material weakness related to Legacy XTI has been remediated as of December 31,
2024.

Changes
in Internal Control over Financial Reporting

Other than as described above
under “- The Remediation of Material Weakness,” there have been no changes in our internal control over financial reporting
(as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter of the last fiscal year that
have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM
9B: OTHER INFORMATION

None
of the Company’s directors or officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading
arrangement during the Company’s fiscal quarter ended December 31, 2024, as such terms are defined under Item 408(a) of Regulation
S-K.

ITEM
9C: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not
applicable.

53

PART
III

ITEM
10: DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The
following table sets forth the names and ages of all of our current directors and executive officers. Our officers are appointed by,
and serve at the pleasure of, the Company’s Board of Directors (referred to herein as the “Board”) and/or our Chief
Executive Officer.

    Name
     
    Age
     
    Position
  
    Scott Pomeroy
     
    63
     
    Chief
    Executive Officer, Chairman and Director
  
    Brooke Turk
     
    59
     
    Chief
    Financial Officer
  
    Tobin Arthur
     
    56