Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 7

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 7
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 of vertical lift technologies within the vertical
economy, including various aircraft types (e.g., electric VTOL, regional VTOL and drones), operational models (manned and unmanned), supporting
technologies (e.g., propulsion systems and aerospace-related artificial intelligence technologies) and customer applications. With the
TriFan 600 as our flagship commercial aviation product, we are laying the groundwork for an innovative family of versatile aircraft and
solutions addressing passenger travel, logistics, autonomous operations and defense missions that we believe will unlock significant growth
and market leadership.

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Expanding
into autonomous, remotely operated drones is key to our strategic focus. By combining drone technology with VTOL innovation, we believe
we are positioning the Company to accelerate the development of both unmanned aerial vehicles (“UAV”) and VTOL solutions,
expand its market presence, and create new revenue-generating opportunities across multiple industries. We will also be opportunistic
and may consider other strategic transactions, which may include, but not be limited to, other alternative investment opportunities, such
as minority investments and joint ventures. If we make any acquisitions in the future, we expect that we may pay for such acquisitions
with cash, equity securities and/or debt in combinations appropriate for each acquisition.

Recent Events

January 2025 Registered Direct Offering

On January 7, 2025, we entered
into a placement agency agreement with ThinkEquity LLC (“ThinkEquity”), pursuant to which we sold directly to various investors,
in a best efforts public offering (the “January 2025 Offering”), an aggregate of 1,454,546 shares of common stock at an offering
price of $13.75 per share. The January 2025 Offering closed on January 10, 2025, resulting in net proceeds to the Company, after deducting
commissions and expenses, of approximately $18.3 million. As part of its compensation for acting as placement agent for the January 2025
Offering, we issued to ThinkEquity placement agent warrants to purchase an aggregate of 72,727 shares of common stock. The placement agent
warrants were exercisable commencing January 10, 2025, expire January 8, 2030 and have an exercise price of $17.1875 per share.

March 2025 Underwritten Offering and Debt Repayment

On March 28, 2025, the Company
entered into an underwriting agreement with ThinkEquity, as the representative of