Company: XTIA
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0001213900-25-058481
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Company: XTI Aerospace, Inc.
Filing Date: 2025-06-26
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into
a Material Definitive Agreement.

On June 24, 2025, XTI
Aerospace, Inc. (the “ Company”) entered into an underwriting agreement (the “ Underwriting Agreement”) with
ThinkEquity LLC (the “ Representative”), as the representative of the underwriters named therein (the
“ Underwriters”), relating to a firm commitment underwritten public offering (the “ Offering”) of 6,231,200
shares (the “ Shares”) of the Company’s common stock, par value $0.001 per share (“ Common Stock”),
pre-funded warrants (the “ Pre-funded Warrants”) to purchase up to 2,911,800 shares of Common Stock, and common warrants
(the “ Common Warrants”) to purchase up to 9,143,000 shares of Common Stock. The combined public offering price for each
share of Common Stock, together with one Common Warrant, was $1.75. The combined public offering price for each Pre-funded Warrant,
together with one Common Warrant, was $1.749. Each share of Common Stock, or a Pre-funded Warrant in lieu thereof, was sold together
with one Common Warrant. The Company also granted the Underwriters a 45-day option to purchase, at the public offering price, less
the underwriting discounts and commissions, up to 1,371,000 additional shares of Common Stock (and/or Pre-funded Warrants in lieu
thereof) and/or up to 1,371,000 additional Common Warrants or any combination thereof, to cover any over-allotments. The Representative partially exercised this option on June 25, 2025 for
1,371,000 additional Common Warrants.

Each Pre-funded Warrant is
immediately exercisable, has an exercise price of $0.001 per share and may be exercised at any time until all of the Pre-funded Warrants
are exercised in full. Each Common Warrant has an exercise price of $2.00 per share, is exercisable immediately and expires on the fifth
anniversary of the date of issuance.

The Company conducted the
Offering pursuant to a Registration Statement on Form S-1, as amended (File No. 333-287989), which was declared effective by the Securities
and Exchange Commission (the “ SEC”) on June 24, 2025 (the “ Registration Statement”).

The Offering closed on June
26,