Court denies XTI motion to dismiss; Xeriant's $500M+ fraud claims to proceed

XERIANT, INC.

On Jan 14, 2025, US District Court denied all XTI arguments to dismiss Xeriant's claims.
Court ordered XTI to file an Answer; Xeriant will proceed with discovery.
Amended complaint (Feb 29, 2024) alleges fraud, breach of contract, misappropriation, seeking >$500M damages.
XTI is wholly owned subsidiary of XTI Aerospace Inc. (Nasdaq: XTIA).
Press release issued Jan 22, 2025 providing litigation update.

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