secwatch.observer — SEC 8-K summary
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Issuer:     XERIANT, INC. (XERI)
CIK:        0001481504
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0001477932-22-002000
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xeriant enters JV with Movychem to commercialize Retacell fire retardant; contributes $2.6M
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- 50/50 JV Ebenberg LLC will develop and market Retacell polymer-gel fire retardant globally.
- Xeriant contributes $600K over 24 months plus $2M within 6 months or upon $3M financing.
- Movychem transfers Retacell IP; JV grants exclusive worldwide license until patent assignment.
- Xeriant issued five-year warrants for 170M shares at $0.01 per share to Movychem affiliates.
- Services agreement entitles Xeriant to 40% of royalty payments from Retacell licensees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222002000/0001477932-22-002000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222002000/xeri_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-002000

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer