Company: XTIA
Filing Date: 2025-12-02
Form Type: DEFA14A
Source: 0001213900-25-116942
Chunk: 12

Company: XTI Aerospace, Inc.
Filing Date: 2025-12-02
Form: DEFA14A
Chunk 12
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 lieu of the issuance of such shares, at the election of the holder,
(i) the holder will be issued such shares in the form of pre-funded warrants, substantially in the form issued by the Company in September
2025 (the “Pre-Funded Warrants”), or (ii) such shares will be held by the Company in abeyance for the benefit of such holder.
The Pre-Funded Warrants will be immediately exercisable, will have an exercise price of $0.001 per share and may be exercised at any
time until all of the Pre-Funded Warrants are exercised in full, provided that such exercise price is deemed pre-paid as part of the
Subscription Amount.

Pursuant to the PIPE Purchase
Agreement, the Company agreed to hold an annual or special meeting of shareholders no later than January 31, 2026 (the “Shareholder
Meeting Deadline”) for the purpose of obtaining shareholder approval of the removal of the limitations on conversion set forth
in the Certificate of Designation of the Series 10 Preferred Stock in compliance with Nasdaq Listing Rule 5635 (the “Shareholder
Approval”, and the date the Shareholder Approval is obtained, the “Shareholder Approval Date”), and to use its commercially
reasonable efforts to solicit such Shareholder Approval and to cause the Board to recommend to the shareholders that they so approve.
If Shareholder Approval is not obtained on or prior to the Shareholder Meeting Deadline, the Company will call a special or annual meeting
of shareholders 180 days thereafter until such Shareholder Approval is obtained, provided, however, that such obligation will terminate
on the two year anniversary of the closing date of the PIPE Offering.

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Pursuant to the PIPE Purchase
Agreement, the Company agreed to file a registration statement covering the resale by the Purchaser of the shares of common stock underlying
the Series 10 Preferred Stock and the Pre-Funded Warrants, if any (such shares, the “Underlying Shares” and such registration
statement, the “Registration Statement”), within 90 days of the closing date of the PIPE Offering. The Company agreed to
use commercially reasonable efforts to cause such registration to become effective within 60 days (or 90 days if the United States Securities
and Exchange Commission (the “Commission”) notifies the Company that it will “review” the Registration Statement)
following the initial filing of such Registration Statement and to keep such Registration Statement effective at all times until the
earlier of (