Company: XTIA
Filing Date: 2025-08-01
Form Type: S-3
Source: 0001213900-25-070681
Chunk: 40

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-01
Form: S-3
Chunk 40
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2025 (the “March 2025 Offering”) 765,200 shares of common stock, pre-funded
warrants to purchase up to 2,176,000 shares of common stock, and common warrants to purchase up to 2,941,200 shares of common stock (the
“March 2025 Common Warrants”). All of the pre-funded warrants issued in the March 2025 Offering have been exercised in full.
As of July 31, 2025, there were outstanding March 2025 Common Warrants to purchase up to 56,700 shares of our common stock.

As part of its compensation
for serving as representative in connection with the March 2025 Offering, we issued ThinkEquity representative warrants to purchase up
to 147,060 shares of common stock (the “March 2025 Representative’s Warrants”), all of which are outstanding as of July
31, 2025.

March 2025 Common Warrants

Duration and Exercise Price. Each March 2025 Common Warrant has an exercise price of $1.36 per share. The March 2025 Common Warrants were immediately exercisable upon issuance and may be exercised at any time until the fifth anniversary of the date of issuance, provided that there is a registration statement available for the issuance of the shares of common stock underlying the March 2025 Common Warrants unless an exemption from registration is available.

Subject to the rules and regulations of the applicable trading market, we may at any time during the term of the March 2025 Common Warrants, reduce the then current exercise price to any amount and for any period of time deemed appropriate by our board of directors. The exercise price and number of shares of common stock issuable upon exercise is subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting our common stock and the exercise price.

Exercisability. The March 2025 Common Warrants are exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by payment in full for the number of shares of our common stock purchased upon such exercise (except in the case of a cashless exercise as discussed below).

Cashless Exercise. If, at the time a holder exercises its March 2025 Common Warrants, a registration statement registering the issuance of the shares of our common stock underlying the March 2025 Common Warrants under the Securities Act is not then effective or available and an exemption from