---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-21-007820"
form_type: "8-K"
ticker: "XERI"
cik: "0001481504"
company_name: "XERIANT, INC."
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T12:50:56.107488+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-21-007820
- form_type: 8-K
- ticker: XERI
- cik: 0001481504
- company_name: XERIANT, INC.
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/0001477932-21-007820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-21-007820
- JSON: https://secwatch.observer/filing/0001477932-21-007820.json
- Plain text: https://secwatch.observer/filing/0001477932-21-007820.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.