Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 268

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 268
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 yield                           -                              -                               -               -           
  Fair value                        $               7,232,526      $               2,106,163       $               1,652,811       689,971     

A summary of activities of
the stock options for the years ended December 31, 2024, 2023 and 2022 is presented as follows:

                                                     Weighted       Weighted         Aggregate  
                                                     Average        Average          Intrinsic  
                                                     Exercise       Remaining        Value      
                                                     Price          Contractual                 
                                                                    Term                        
                                                     US$            Year             US$        
  Granted                                  -         -              -                           
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Outstanding as of December 31, 2021      308       49,970.40      4.23                        
  Cancelled                                ( 36      144,000        -                           
  Outstanding as of December 31, 2022      272       5,524.52       3.49                        
  Granted                                  -         -              -                           
  Cancelled                                -         -              -                           
  Outstanding as of December 31, 2023      272       5,524.52       2.49                        
  Granted                                  -         -              -                           
  Cancelled                                -         -              -                           
  Outstanding as of December 31, 2024      272       5,524.52       1.49                        
  Exercisable as of December 31, 2024      272       5,524.52       1.49                        

F-40

X3 HOLDINGS CO., LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 16 - Equity(continued)

For the year ended December 31,
2024, 2023 and 2022, total share-based compensation expenses recognized for the share options granted were $ nil, $ niland $3,336,45, respectively.
As of December 31, 2024 and 2023, there was no unrecognized share-based compensation expenses related to the share options granted,
respectively.

Private placement

On September 1, 2022, the
Company entered into a securities purchase agreement with White Lion Capital LLC (“ White Lion”). Pursuant to the agreement,
White Lion shall purchase up to $15million of the Company’s Class A ordinary shares at the lowest daily VWAP of the Class A ordinary