Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 1

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 1
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,” “the Company” and “our” refer to X3 Holdings Co.,
Ltd. and its subsidiaries and consolidated affiliated entities, and in the context of describing our consolidated financial information.

Investing in our securities involves a significant degree of risk. See “Risk Factors” beginning on page S-13 of this prospectus supplement and in our other filings with the Securities and Exchange Commission (“SEC”) incorporated by reference in this prospectus supplement and the accompanying prospectus to read about factors you should consider before purchasing our Class A Ordinary Shares.

Note:

| (1) | before giving effect of the one-to-six reverse stock split, which was approved by the extraordinary general meeting of the shareholders 
 on February 10, 2025.                                                                                                                   |

We are not an operating company
but a Cayman Islands holding company. We conduct operations through our subsidiaries, with our operations in China currently being conducted
by our PRC subsidiaries. Investors in our Class A Ordinary Shares are not acquiring equity interest in any operating company but
instead are acquiring interest in a Cayman Islands holding company. This holding company structure involves unique risks to investors.
As a holding company, we may rely on dividends from our subsidiaries for cash requirements, including any payment of dividends to our
shareholders. The ability of our subsidiaries to pay dividends or make distributions to us may be restricted by laws and regulations applicable
to them or the debt they incur on their own behalf or the instruments governing their debt. In addition, PRC regulatory authorities could
disallow this holding company structure and limit or hinder our ability to conduct our business through, receive dividends or distributions
from, or transfer funds to, the operating companies or list on a U.S. or other foreign exchange, which could cause the value of our securities
to significantly decline or become worthless. See “Prospectus Supplement Summary — Cash Transfers Through our Organization and Dividend Policy.”

We face various legal and
operational risks and uncertainties relating to doing business in China. Our business operations are primarily conducted in China, and
we are subject to complex and evolving PRC laws and regulations. For instance, the PRC government has issued statements and regulatory
actions relating to areas such as regulatory approvals on overseas offerings and listings by, and foreign investment in, China-based issuers,
anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy. It remains uncertain how PRC government authorities
will regulate overseas listings and offerings in general and whether we can fully comply with the applicable regulatory requirements,
including completing filings with the