Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 27

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 27
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| ● | the realization of some or all          
 of the risks described in this section. |

In addition, the stock markets
have experienced significant price and trading volume fluctuations from time to time, and the market prices of the equity securities of
retailers have been extremely volatile and are sometimes subject to sharp price and trading volume changes. These broad market fluctuations
may materially and adversely affect the market price of our Class A Ordinary Shares.

<div align='center'>S-13</div>

Since our management will have broad discretion in how we use the proceeds from this offering, we may use the proceeds in ways with which you disagree.

Our management will have significant
flexibility in applying the net proceeds of this offering. You will be relying on the judgment of our management with regard to the use
of those net proceeds, and you will not have the opportunity, as part of your investment decision, to influence how the proceeds are being
used. It is possible that the net proceeds will be invested in a way that does not yield a favorable, or any, return for us. The failure
of our management to use such funds effectively could have a material adverse effect on our business, financial condition, operating results,
and cash flow.

Future sales of our Class A Ordinary Shares, whether by us or our shareholders, could cause the price of our Class A Ordinary Shares to decline.

If our existing shareholders
sell, or indicate an intent to sell, substantial amounts of our Class A Ordinary Shares in the public market, the trading price of our
Class A Ordinary Shares could decline significantly. Similarly, the perception in the public market that our shareholders might sell our
Class A Ordinary Shares could also depress the market price of our shares. A decline in the price of our Class A Ordinary Shares might
impede our ability to raise capital through the issuance of additional Class A Ordinary Shares or other equity securities. In addition,
the issuance and sale by us of additional Class A Ordinary Shares, or securities convertible into or exercisable for our Class A Ordinary
Shares, or the perception that we will issue such securities, could reduce the trading price for our Class A Ordinary Shares as well as
make future sales of equity securities by us less attractive or not feasible.

We do not know whether a market for our Class A Ordinary Shares will be sustained or what the trading price of the Class A Ordinary Shares will be and as a result it may be difficult for you to sell your Class A Ordinary Shares.

Although our Class A Ordinary
Shares trade on Nasdaq,