secwatch.observer — SEC 8-K summary
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Issuer:     XERIANT, INC. (XERI)
CIK:        0001481504
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001477932-22-009572
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xeriant amends $6.05M convertible note; extends maturity to Mar 2023, grants 25M warrants at $0.09
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- Extended maturity date of $6.05M note, uplist obligation and XTI acquisition to March 15, 2023.
- Deadline to file S-1 for uplist extended to January 15, 2023.
- Issued new warrant to Auctus Fund for 25M shares at $0.09/share exercise price.
- Agreed to make two $50K prepayments on Jan 15 and Feb 15, 2023.
- Amended prior warrants to tie anti-dilution adjustments to actual exchange listing date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222009572/0001477932-22-009572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481504/000147793222009572/xeri_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-009572

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