Company: XTIA
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033058
Chunk: 46

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 46
---
 notes in the form of the March 2020 Note in the aggregate original principal           
 amount of approximately $0.5 million and then cause the outstanding balance of the March 2020 Note to be reduced by an aggregate of approximately 
 $0.5 million and (ii) exchange the partitioned notes for the delivery of the Exchange Shares. The offer and sale of the Exchange Shares           
 was not registered under the Securities Act, in reliance on an exemption from registration under Section 3(a)(9) of the Securities Act,           
 in that (a) the Exchange Shares were issued in exchanges for partitioned notes which were other outstanding securities of the Company;            
 (b) there was no additional consideration of value delivered by the note holder in connection with the exchanges and (c) there were no            
 commissions or other remuneration paid by the Company in connection with the exchanges.                                                           |

<div align='center'>II-2</div>

| 2. | During the quarter ended September 30, 2022, the Company issued an                                                                          
 aggregate of 5 shares of Common Stock (the “Exchange Shares”) to the holder of the March 2020 Note at prices between $251,750               
 and $294,500 per share, in each equal to the Minimum Price as defined in Nasdaq Listing Rule 5635(d) in accordance with the terms and       
 conditions of exchange agreements, pursuant to which the Company and the note holder agreed to (i) partition new promissory notes in the    
 form of the March 2020 Note in the aggregate original principal amount of approximately $1.3 million and then cause the outstanding balance 
 of the March 2020 Note to be reduced by an aggregate of approximately $1.3 million and (ii) exchange the partitioned notes for the delivery 
 of the Exchange Shares. The offer and sale of the Exchange Shares was not registered under the Securities Act, in reliance on an exemption  
 from registration under Section 3(a)(9) of the Securities Act, in that (a) the Exchange Shares were issued in exchanges for partitioned     
 notes which were other outstanding securities of the Company; (b) there was no additional consideration of value delivered by the note      
 holder in connection with the exchanges and (c) there were no commissions or other remuneration paid by the Company in connection with      
 the exchanges.                                                                                                                              |

| 3. | On October 12, 2022, the Company issued 3 shares of Common Stock in                                                                        
 connection with