Company: XTIA
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001213900-25-087270
Chunk: 30

Company: XTI Aerospace, Inc.
Filing Date: 2025-09-12
Form: 424B5
Chunk 30
---
968,750 
 per share.                                                                                                                        |

<div align='center'>DILUTION</div>

If you invest in our securities, your ownership interest will be diluted to the extent of the difference between the public offering price per share of our common stock and the pro forma as adjusted net tangible book value per share of our common stock immediately after this offering.

Our net tangible book value as of June 30, 2025, was approximately $2.7 million or approximately $0.15 per share of common stock. Net tangible book value per share is determined by dividing our total tangible assets, less total liabilities, by the number of shares of our common stock outstanding as of June 30, 2025.

After giving effect to the pro forma adjustments described above under “Capitalization,” our pro forma net tangible book value as of June 30, 2025 would have been approximately $6.8 million or approximately $0.33 per share of common stock.

After giving further effect to the issuance and sale of (i) 10,575,000
shares of common stock and Common Warrants to purchase 10,575,000 shares of our common stock in this offering at a public offering price
of $1.60 per share and accompanying Common Warrant, and (ii) Pre-funded Warrants to purchase up to 1,925,000 shares of our common stock
and Common Warrants to purchase 1,925,000 shares of our common stock in this offering at a public offering price of $1.599 per Pre-funded
Warrant and accompanying Common Warrant, assuming the full exercise of the Pre-funded Warrants for cash, resulting in the issuance of
12,500,000 shares of common stock, and after deducting placement agent fees and estimated offering expenses payable by us, our pro forma
as adjusted net tangible book value at June 30, 2025 would have been approximately $9.7 million, or approximately $0.30 per share of common
stock. This represents an immediate decrease in pro forma as adjusted net tangible book value of $0.03 per share to existing stockholders
and immediate dilution of $1.30 per share to new investors purchasing shares of common stock in this offering.

The following table illustrates
this dilution on a per share basis:

| Public offering price per share and accompanying Common Warrant                                        |     |   |       |   |     | $ | 1.60 |
| Net tangible book value per share as