Company: XTIA
Filing Date: 2025-06-20
Form Type: S-1/A
Source: 0001213900-25-055855
Chunk: 39

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-20
Form: S-1/A
Chunk 39
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. Each share
of Series 5 Preferred Stock will be convertible at the option of the holder at any time, into the number of shares of our common stock
determined by dividing the $1,000 stated value per share of the Series 5 Preferred Stock by a conversion price of $280,968,750 per share.
In addition, the conversion price per share is subject to adjustment for stock dividends, distributions, subdivisions, combinations or
reclassifications. Subject to limited exceptions, a holder of the Series 5 Preferred Stock will not have the right to convert any portion
of the Series 5 Preferred Stock to the extent that, after giving effect to the conversion, the holder, together with its affiliates, would
beneficially own in excess of 4.99% (subject to adjustment to up to 9.99% solely at the holder’s discretion upon 61 days’
prior notice to us) of the number of shares of our common stock outstanding immediately after giving effect to its conversion.

.
In the event we effect certain mergers, consolidations, sales of substantially all of our assets, tender or exchange offers, reclassifications
or share exchanges in which our common stock is effectively converted into or exchanged for other securities, cash or property, we consummate
a business combination in which another person acquires more than 50% of the outstanding shares of our common stock, then, upon any subsequent
conversion of the Series 5 Preferred Stock, the holders of the Series 5 Preferred Stock will have the right to receive any shares of the
acquiring corporation or other consideration it would have been entitled to receive if it had been a holder of the number of shares of
common stock then issuable upon conversion in full of the Series 5 Preferred Stock.

. Holders
of Series 5 Preferred Stock will be entitled to receive dividends (on an as-if-converted-to-common-stock basis) in the same form as dividends
actually paid on shares of the common stock when, as and if such dividends are paid on shares of common stock.

. Except
as otherwise provided in the certificate of designation or as otherwise required by law, the Series 5 Preferred Stock has no voting rights.

. Upon
our liquidation, dissolution or winding-up, whether voluntary or involuntary, holders of Series 5 Preferred Stock will be entitled to
receive out of our assets, whether capital or surplus, the same amount that a holder of common stock would receive if the