Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 33

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 33
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-adjusted net tangible book value per ordinary share after this     
 offering                                                                        |     | US$1.23 (post-reverse stock split adjusted US$7.40)  |
| Increase to net tangible book value per ordinary share to new investors         |     | US$0.80 (post-reverse stock split adjusted US$4.82)  |

The
foregoing table and discussion is based on 13,755,975 Class A Ordinary Shares (post-reverse stock split adjusted 2,292,652) and 12,195
(post-reverse stock split adjusted 2,032) Class B Ordinary Shares outstanding as of December 31, 2024.

This
discussion of dilution, and the table quantifying it, assumes no exercise of any outstanding options over our Class A Ordinary Shares.

<div align='center'>S-18

USE OF PROCEEDS</div>

We estimate that we will
receive cash net proceeds from this offering, after deducting offering expenses payable by us, of US$9,600,000.

We intend to use the net
proceeds from this offering for working capital and general corporate purposes.

The foregoing represents
our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our
management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event
occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus supplement.
Unforeseen events or changed business conditions may result in application of the proceeds of this offering in a manner other than as
described in this prospectus supplement.

To the extent that the net
proceeds we receive from this offering are not immediately applied for the above purposes, we plan to invest the net proceeds in bank
deposits.

<div align='center'>S-19

DIVIDEND POLICY</div>

We have never declared or
paid any cash dividends on our Ordinary Shares. We anticipate that we will retain any earnings to support operations and to finance the
growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future. Any future determination
relating to our dividend policy will be made at the discretion of our board of directors and will depend on a number of factors, including
future earnings, capital requirements, financial conditions, and future prospects and other factors the board of directors may deem relevant.