SCHEDULE: Empery Asset Management Discloses 9.99% Stake in XTI Aerospace

Empery Asset Management, along with Ryan M. Lane and Martin D. Hoe, has disclosed a passive beneficial ownership of 9.99% in XTI Aerospace, Inc., including shares issuable from warrants.

Summary

• Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership of 1,647,963 shares of XTI Aerospace, Inc. Common Stock.
• This ownership represents 9.99% of the company's outstanding Common Stock.
• The reported beneficial ownership includes 706,889 shares of Common Stock issuable upon the exercise of warrants.
• The percentage ownership is calculated based on an aggregate of 15,789,240 shares of Common Stock, which includes 9,558,040 shares outstanding as of June 18, 2025, and 6,231,200 shares issued pursuant to a prospectus supplement filed on June 25, 2025.
• The Reporting Persons' ability to exercise warrants is subject to a "Blocker" provision, preventing them from beneficially owning more than 9.99% of the outstanding Common Stock after any exercise.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of XTI Aerospace, Inc.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a Schedule 13G is a factual disclosure, the acquisition of a significant, albeit passive, stake by an investment manager can be interpreted as a vote of confidence in the company's value and future prospects.

Positives

• The disclosure of a significant 9.99% stake by an institutional investment manager like Empery Asset Management may signal confidence in XTI Aerospace, Inc.'s long-term prospects.
• The investment is stated to be for passive purposes, indicating a belief in the company's current strategic direction without intent for control changes.

Risks

• The "Blocker" provision in the warrants limits the Reporting Persons' ability to increase their beneficial ownership beyond 9.99% of the outstanding Common Stock, potentially restricting their future investment flexibility or influence.

Future Outlook

The filing does not provide forward-looking statements or guidance from XTI Aerospace, Inc. It solely details the beneficial ownership stake of the Reporting Persons.

Industry Context

This Schedule 13G filing is a standard regulatory disclosure required when an investor or group acquires beneficial ownership of more than 5% of a company's voting class of securities, and they intend to hold the shares for passive investment purposes. It provides transparency regarding significant ownership stakes in publicly traded companies, which is common practice for investment funds like Empery Asset Management.

Stakeholder Impact

• Shareholders: The disclosure of a new significant investor provides transparency and may influence market perception of the company's stock.

Key Dates

Keywords

XTI Aerospace, Empery Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Investment Management, Passive Investment, Aerospace, SEC Filing