Company: XTIA
Filing Date: 2025-03-31
Form Type: 424B5
Source: 0001013762-25-004458
Chunk: 16

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-31
Form: 424B5
Chunk 16
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 The number of shares of common stock that will be outstanding                                                                        
 after this offering is based on 3,722,340 shares of common stock outstanding as of March 26, 2025, assumes no exercise of any Common 
 Warrants offered hereby and no sale of any Pre-funded Warrants offered hereby, and excludes as of such date:                         |

| ● | 49,710                                                                                                                                    
 shares of common stock issuable upon the exercise of outstanding stock options at a weighted average exercise price of $425.88 per share; |

| ● | 73,855                                                                                                                               
 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $327.63 per share; |

| ● | 72,942,981                                                                                                                           
 shares of common stock available for future issuance under our 2018 Employee Stock Incentive Plan and any other additional shares of 
 our common stock that may become available under our 2018 Employee Stock Incentive Plan;                                             |

| ● | 1                                                                                                                                        
 share of common stock issuable upon the conversion of 1 outstanding share of Series 4 Convertible Preferred Stock, at a conversion price 
 of $418,500,000 per share; and                                                                                                           |

| ● | 1                                                                                                                                       
 share of common stock issuable upon conversion of 126 outstanding shares of Series 5 Convertible Preferred Stock, at a conversion price 
 of $280,968,750 per share.                                                                                                              |

Unless otherwise indicated, this prospectus reflects and assumes the following:

| ● | no exercise of outstanding options or warrants; |

| ● | no sale of any Pre-funded Warrants in this proposed offering; |

| ● | no exercise of the Common Warrants    
 issued and sold in this offering; and |

| ● | no exercise of the representative’s warrants to be issued                                                        
 upon consummation of this offering at an exercise price equal to 125% of the offering price of the common stock. |

<div align='center'>S-5

RISK FACTORS</div>

Investing in our common stock involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described below, as well as the other information in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference into this prospectus supplement and the accompanying prospectus. Our business, prospects, financial condition, or operating results could be harmed by any of these risks, as well as other risks not currently known to us