Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 28

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 28
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.84) per Ordinary Share to our existing shareholders and an immediate increase
in net tangible book value of US$0.80 (post-reverse stock split adjusted US$4.82) per Ordinary Share to the investors participating in
this offering. See the section titled “Dilution” below for a more detailed illustration of the dilution you would incur as
an existing shareholder of ours as a result of this offering.

We may in the future issue
additional Class A Ordinary Shares or other securities convertible into or exchangeable for our Class A Ordinary Shares. We cannot assure
you that we will be able to sell our Class A Ordinary Shares or other securities in any other offering or other transactions at a price
per ordinary share that is equal to or greater than the price per ordinary share paid by the investors in this offering. The price per
ordinary share at which we sell additional Class A Ordinary Shares or other securities convertible into or exchangeable for our Class
A Ordinary Shares in future transactions may be higher or lower than the price per ordinary share in this offering. If we do issue any
such additional Class A Ordinary Shares, such issuance also will cause a reduction in the proportionate ownership and voting power of
all other shareholders.

Because we do not expect to pay dividends in the foreseeable future, you must rely on the price appreciation of our Class A Ordinary Shares for return on your investment.

We currently intend to retain
most, if not all, of our available funds and any future earnings to fund the development and growth of our business. As a result, we
do not expect to pay any cash dividends in the foreseeable future. Therefore, you should not rely on an investment in our Class A Ordinary
Shares as a source for any future dividend income.

Our board of directors has
complete discretion as to whether to distribute dividends, subject to certain requirements of the Cayman Islands law. In addition, our
shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our board of directors.
Under Cayman Islands law, a Cayman Islands company may pay a dividend out of either profit or share premium account, provided that in
no circumstances may a dividend be paid if this would result in the company being unable to pay its debts as they fall due in the ordinary
course of business. Even if our board of directors decides to declare and pay dividends, the timing, amount and form of future dividends,
if any, will depend on, among other things, our future results of operations and cash