Company: XTIA
Filing Date: 2025-01-10
Form Type: 8-K
Source: 0001213900-25-002385
Chunk: 1

Company: XTI Aerospace, Inc.
Filing Date: 2025-01-10
Form: 8-K
Item: Item 1.01
Chunk 1
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 Placement Agent Warrants issued at the closing of the Offering
will be issued on a post-Reverse Stock Split basis.

The Shares, the
Placement Agent Warrants and the Placement Agent Warrant Shares were offered and sold pursuant to a registration statement on Form
S-3 (File No. 333-279901), which was filed with the Securities and Exchange Commission (the “ Commission”) on May 31,
2024, as amended on June 14, 2024, and was declared effective by the Commission on June 18, 2024 (the “ Registration
Statement”), the base prospectus included therein, as amended and supplemented by the prospectus supplement dated January 7,
2025. A copy of the opinion of Mitchell Silberberg & Knupp LLP relating to the legality of the issuance and sale of the Shares,
the Placement Agent Warrants and the Placement Agent Warrant Shares is attached as Exhibit 5.1 hereto.

Pursuant to the terms of the
Agreement, the Company agreed to pay the Placement Agent a cash fee equal to 7.0% of the gross proceeds of the Offering and to reimburse
the Placement Agent for certain of its expenses in an aggregate amount up to $175,000. The Company further agreed not to issue, enter
into any agreement to issue or announce the issuance or proposed issuance of, any shares of Common Stock or any securities convertible
into or exercisable or exchangeable for shares of Common Stock or file any registration statement or prospectus, or any amendment or supplement
thereto for a period of 30 days from January 7, 2025, subject to certain exceptions. Additionally, each of the directors and officers
of the Company, pursuant to lock-up agreements (the “ Lock-Up Agreements”), agreed not to sell or transfer any of the Company
securities which they hold, subject to certain exceptions, for a period of 90 days from January 7, 2025.

The representations, warranties
and covenants contained in the Agreement were made solely for the benefit of the parties to the Agreement. In addition, such representations,
warranties and covenants (i) are intended as a way of allocating the risk between the parties to the Agreement and not as statements of
fact, and (ii) may apply standards of materiality in a way that is different from what may be viewed as material by stockholders of, or
other investors in, the Company. Moreover, information concerning the subject matter of