Thursday, May 16, 2024 10:57:12 PM
As of the date of this report, David Brody, founder and chairman of the board of directors, owns the majority of shares of the Company’s
common stock, and his majority ownership might continue indefinitely. Therefore, Mr. Brody is NOW and could be in the future in a
POSITION to elect or change the members of the board of directors and to CONTROL XTI’s business and affairs and certain significant
corporate actions, including but not limited to acquisitions, the sale or purchase of assets and the issuance and sale of XTI’s shares.XTI
also may be prevented from entering into transactions that could be beneficial to the other holders of the shares without Mr. Brody’s
consent. Mr. Brody’s interests might differ from the interests of other shareholders.
https://www.sec.gov/Archives/edgar/data/1638850/000110465922079281/tm2219432d2_ar.pdf
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