secwatch.observer — SEC 8-K summary
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Issuer:     XERIANT, INC. (XERI)
CIK:        0001481504
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001477932-25-008111
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Xeriant settles debt with Auctus Fund, issuing 30M shares and agreeing to $3.5M payment
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- Xeriant issued 30,000,000 unrestricted shares to Auctus pursuant to a February 2025 conversion notice.
- Xeriant must pay Auctus $3.5 million in four installments: $1M each at 75, 105, 135 days, and $500K at 165 days from Oct 29, 2025.
- Auctus will suspend conversion rights and return two warrants (25M shares each) upon full payment of $3.5M.
- Xeriant released all claims against Auctus related to the Note and warrants, and agreed not to sue.
- Litigation proceeds from Xeriant's case against XTI Aircraft will be shared with Auctus on a preferred basis after legal fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481504/000147793225008111/0001477932-25-008111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481504/000147793225008111/xeri_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-008111

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