Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 38

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 38
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Exercisability

Each Pre-funded Warrant may
be exercised in cash or by a cashless exercise at the election of the holder at any time following the date of issuance and from time
to time thereafter until the Pre-funded Warrants are exercised in full. The Pre-funded Warrants will be exercisable in whole or in part
by delivering to us a completed instruction form for exercise and complying with the requirements for exercise set forth in the Pre-funded
Warrant. Payment of the exercise price may be made in cash or pursuant to a cashless exercise, in which case the holder would receive
upon such exercise the net number of shares of common stock determined according to the formula set forth in the Pre-funded Warrant.

Exercise Limitation

In general, a holder will
not have the right to exercise any portion of a Pre-funded Warrant if the holder (together with its Attribution Parties (as defined in
the Pre-funded Warrant)) would beneficially own in excess of 4.99% or 9.99%, at the election of the holder, of the number of shares of
our common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance
with the terms of the Pre-funded Warrant. However, any holder may increase or decrease such percentage to any other percentage not in
excess of 9.99% upon notice to us, provided, that any increase in this limitation will not be effective until 61 days after such notice
from the holder to us and such increase or decrease will apply only to the holder providing such notice.

Fractional Shares

No fractional
shares of common stock will be issued upon the exercise of the Pre-funded Warrants. Rather, the number of shares of common stock to be
issued will, at our election, either be rounded up to the next whole share or we will pay a cash adjustment in respect of such final fraction
in an amount equal to such fraction multiplied by the exercise price.

Transferability

Subject to applicable
laws, a Pre-funded Warrant may be transferred at the option of the holder upon surrender of the Pre-funded Warrant to us together with
the appropriate instruments of transfer and funds sufficient to pay any transfer taxes payable upon such transfer.

Trading Market

There is no trading
market available for the Pre-funded Warrants on any securities exchange or nationally recognized trading system, and we do not expect
a trading market to develop. We do not intend to list the