Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 627

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 627
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 financial reporting, based on criteria established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
in its 2013 Internal Control-Integrated Framework. Based on that evaluation, our management, including our chief executive officer and
chief financial officer, concluded that our internal control over financial reporting was effective as of December 31, 2024.

The
Remediation of Material Weakness 

Management, with the input,
oversight and support of our audit committee, has completed the following steps, which management believes assisted us in remediating
the material weakness in our internal control over financial 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