Xeriant sues XTI Aircraft for fraud, seeks over $500M and injunction to block merger with Inpixon

XERIANT, INC.

Suit filed in SDNY (Case 1:23-cv-10656); claims XTI fraudulently induced $5.5M investment in TriFan 600 eVTOL.
Xeriant alleges 50% ownership of TriFan 600 IP under joint venture; XTI misrepresented development stage.
Seeks compensatory damages >$500M, punitive damages, and an injunction to halt XTI's impending merger with Inpixon (INPX).
Alleges XTI lacked viable designs and used false $1.3B pre-order claim to induce investment.
Xeriant claims XTI breached agreements by unilaterally using shared IP to secure debt financing for the Inpixon merger.

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