Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 160

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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issuance expense” on the Company’s condensed consolidated statements of operations.

25

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Warrants Exercised

During the six months ended June 30, 2025, 2,176,000
Pre-funded Warrants from the March Offering were exercised at an exercise price per share of $0.001, resulting in the issuance of 2,176,000
shares of common stock and cash proceeds to the Company of $2,176.  During the six months ended June 30, 2025, 2,769,500 Common
Warrants from the March Offering were exercised at an exercise price per share of $1.36, resulting in the issuance of 2,769,500 shares
of common stock and cash proceeds to the Company of approximately $3.8 million.  As of June 30, 2025, there were no Pre-funded Warrants
and 171,700 Common Warrants outstanding from the March Offering.

Subsequent to June 30, 2025, an additional 115,000
Common Warrants from the March Offering were exercised for 115,000 shares of common stock at an exercise price per share of $1.36. As
of the date of this filing, 56,700 Common Warrants remained outstanding from the March Offering.

During the six months ended June 30, 2025, 2,126,100
Pre-funded Warrants from the June Offering were exercised at an exercise price per share of $0.001, resulting in the issuance of 2,126,100
shares of common stock and cash proceeds to the Company of $2,126. As of June 30, 2025, there were 785,700 Pre-funded Warrants and
10,514,000 Common Warrants outstanding from the June Offering.

Subsequent to June 30, 2025, the remaining 785,700
Pre-Funded Warrants from the June Offering were net exercised for 785,276 shares of common stock at an exercise price per share of $0.001.
Subsequent to June 30, 2025, 66,700 Common Warrants from the June Offering were exercised for 66,700 shares of common stock at an exercise
price per share of $2.00. As of the date of this filing