Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 48

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 48
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 limited to, adopting plans, arrangements
or other instruments that grant or deny rights, privileges, power or authority to holder(s) of certain percentages of ownership and/or
voting power. Further, an “acquiring person” (and those acting in association) only obtains such voting rights in the control
shares as are conferred by resolution of the stockholders at either a special meeting requested by the acquiring person, provided it delivers
an offeror’s statement pursuant to NRS 78.3789 and undertakes to pay the expenses thereof, or at the next special or annual meeting
of stockholders. In addition, the anti-takeover law generally provides for (i) the redemption by the issuing corporation of not less than
all of the “control shares” (as defined) in accordance with NRS 78.3792, if so provided in the articles of incorporation or
bylaws in effect on the 10th day following the acquisition of a controlling interest in an “issuing corporation”, and (ii)
dissenter’s rights pursuant to NRS 92A.300 to 92A.500, inclusive, for stockholders that voted against authorizing voting rights
for the control shares. Our bylaws provide that, effective as of March 12, 2024 (the closing date of the XTI Merger) (the “Closing
Date”), the provisions of NRS 78.378 through 78.3793, inclusive, are not applicable to the XTI Merger Agreement and the consummation
of the transactions contemplated thereby, including, without limitation, the acquisition of shares, or of rights to acquire shares, of
the Company by the stockholders, or holders of rights to acquire stock, of Legacy XTI as of the Closing Date.

We are also subject to the
provisions of NRS 78.411 to 78.444, inclusive, which generally prohibits a publicly held Nevada corporation from engaging in a “combination”
with an “interested stockholder” (each as defined) that is the beneficial owner, directly or indirectly, of at least ten percent
of the voting power of the outstanding voting shares of the corporation or is an affiliate or associate of the corporation that previously
held such voting power within the past three years, for a period of three years after the date the person first became an “interested
stockholder”, subject to certain exceptions for authorized combinations, as provided therein.

In accordance with NRS 78.195,
our articles of