Company: XTIA
Filing Date: 2025-08-01
Form Type: S-3
Source: 0001213900-25-070681
Chunk: 39

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-01
Form: S-3
Chunk 39
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 upon surrender of the June 2025 Representative’s Warrant to us together with the appropriate instruments of transfer; provided, however, the June 2025 Representative’s Warrants may not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the warrants or the underlying securities for a period of 180 days following the commencement of sales of the securities issued in the June 2025 Offering.

Trading Market. There is no trading market available for the June 2025 Representative’s Warrants on any securities exchange or nationally recognized trading system.

Right as a Stockholder. Except as otherwise provided in the June 2025 Representative’s Warrants or by virtue of such holder’s ownership of shares of our common stock, the holders of the June 2025 Representative’s Warrants do not have the rights or privileges of holders of our common stock, including any voting rights, until they exercise their June 2025 Representative’s Warrants.

Fundamental Transaction. In the event of a fundamental transaction, as described in the June 2025 Representative’s Warrants and generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person (other than any of our subsidiaries or affiliates whereby our stockholders immediately prior to such merger or consolidation do not own, directly or indirectly, at least 50% of the voting power of the surviving entity immediately after such merger or consolidation), the acquisition of more than 50% of our outstanding common stock, the holders of the June 2025 Representative’s Warrants will be entitled to receive upon exercise of the June 2025 Representative’s Warrants the kind and amount of securities, cash or other property that the holders would have received had they exercised the June 2025 Representative’s Warrants immediately prior to such fundamental transaction.

Governing Law. The June 2025 Representative’s Warrants are governed by New York law.

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March 2025 Common Warrants and March 2025 Representative’s Warrants

On March 28, 2025, we entered
into an underwriting agreement with ThinkEquity, as the representative of the underwriters named therein, pursuant to which we sold, in
an underwritten offering that closed on March 31,