Xeriant raises $5.14M net from $6.05M secured note to Auctus Fund; issues 50.97M warrants

XERIANT, INC.

Principal $6,050,000; net proceeds $5,142,500 after original-issue discount of $907,500 and fees.
Note convertible at lesser of $0.1187 or 75% of future public-offering price; 12-month term.
Warrant to buy 50,968,828 shares at $0.1187, 5-year term, full-ratchet anti-dilution protection.
Note secured by first-priority security interest on all Company assets.
Maxim Group LLC acted as exclusive placement agent.

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