Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 25

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 25
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us supplement and accompanying prospectus, as updated by our subsequent filings under the Exchange Act. If any of the following events actually occurs, our business, operating results, prospects, or financial condition could be materially and adversely affected. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also significantly impair our business operations and could result in a complete loss of your investment.

Risks Related to this Offering and our Class A Ordinary Shares

Our share price may be volatile and could decline substantially.

The market price of our Class
A Ordinary Shares may be volatile, both because of actual and perceived changes in our financial results and prospects, and because of
general volatility in the stock market. The factors that could cause fluctuations in our share price may include, among other factors
discussed in this section, the following:

| ● | actual or anticipated variations                                                                 
 in the financial results and prospects of our Company or other companies in the retail business; |

| ● | changes in financial estimates 
 by research analysts;          |

| ● | mergers or other business combinations 
 involving us;                          |

| ● | additions and departures of          
 key personnel and senior management; |

| ● | changes in accounting principles; |

| ● | the passage of legislations                         
 or other developments affecting us or our industry; |

| ● | the trading volume of our Class         
 A Ordinary Shares in the public market; |

| ● | the release of lockup, escrow,                                                                                
 or other transfer restrictions on our outstanding equity securities or sales of additional equity securities; |

| ● | potential litigations or regulatory 
 investigations;                     |

| ● | changes in economic conditions,                         
 including fluctuations in global and Chinese economies; |

| ● | financial market conditions; |

| ● | the COVID-19 pandemic; |

| ● | natural disasters, terrorist                       
 acts, acts of war, or periods of civil unrest; and |

| ● | the realization of some or all          
 of the risks described in this section. |

In addition, the stock markets
have experienced significant price and trading volume fluctuations from time to time, and the market prices of the equity securities of
retailers have been extremely volatile and are sometimes subject to sharp price and trading volume changes. These broad market fluctuations
may materially and adversely affect the market price of our Class A Ordinary Shares.

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Since our management will have broad discretion in how we use the