secwatch.observer — SEC 8-K summary
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Issuer:     XERIANT, INC. (XERI)
CIK:        0001481504
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001477932-22-005599
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xeriant amends $6.05M note with Auctus; extends maturity to Nov 1, 2022, issues 25M-share warrant at $0.09
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- Amendment extends maturity date of $6.05M senior secured convertible note from Oct 27, 2021 to Nov 1, 2022; also extends deadline for XTI Aircraft acquisition and uplist to Nov 1, 2022.
- As consideration, Xeriant grants Auctus a new warrant to purchase 25M shares at $0.09/share, makes $100k prepayment, and director Edward DeFeudis cancels his 10b5-1 plan.
- Company will host a video press release on Aug 3, 2022 regarding certain developments; link provided in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222005599/0001477932-22-005599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222005599/xeri_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-005599

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