XTI Aerospace issues 16.99M common shares in exchange for Series 9 Preferred shares

XTI Aerospace, Inc.

Issued 16,990,659 common shares to cancel 701.121 Series 9 Preferred shares valued at $736,177.
Effective price per common share between $0.0432 and $0.0435; no additional consideration paid.
Exchange exempt from registration under Section 3(a)(9) of the Securities Act.
As of Dec 13, 2024, total common shares outstanding: 294,438,948.

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