Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 237

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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 an evaluation,
under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of our disclosure controls
and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based upon this evaluation, our Chief Executive
Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2025.

Changes in Internal Controls

There have been no changes
in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15
or 15d-15 under the Exchange Act that occurred during the quarter ended September 30, 2025 that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.

Limitations of the Effectiveness of Control

A control system, no matter
how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
Because of the inherent limitations of any control system, no evaluation of controls can provide absolute assurance that all control
issues, if any, within a company have been detected.

52

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

There are no material pending
legal proceedings as defined by Item 103 of Regulation S-K, to which we are a party or of which any of our property is the subject, other
than ordinary routine litigation incidental to the Company’s business and as described in Note 17 of the Notes to Condensed Consolidated
Financial Statements included in Part I, Item 1 of this report under the heading “Litigation.”

There are no proceedings
in which any of the directors, officers or affiliates of the Company, or any registered or beneficial holder of more than 5% of the Company’s
voting securities, is an adverse party or has a material interest adverse to that of the Company.

Item 1A. Risk Factors

We
face a number of significant risks and uncertainties in connection with our operations. Our business, results of operations and financial
condition could be materially adversely affected by these risks. In addition to the risk factor set forth below and the other information
set forth in this Form 10-Q, you should carefully consider the factors disclosed in Part I, Item 1A, “Risk Factors,” in our
Annual Report on Form 10-K
for the year ended December 31, 2024, filed with the SEC