Edward DeFeudis
Effective March 31, 2025, Edward DeFeudis resigned as a director of Xeriant, Inc. (the “Company”).
Highest-materiality recent filing
Xeriant settles debt with Auctus Fund, issuing 30M shares and agreeing to $3.5M payment
Xeriant issued 30,000,000 unrestricted shares to Auctus pursuant to a February 2025 conversion notice.
Xeriant director Edward DeFeudis resigns; Mark Sternberg elected
Edward DeFeudis resigned as director effective March 31, 2025, with no disagreement with company.
Court denies XTI motion to dismiss; Xeriant's $500M+ fraud claims to proceed
On Jan 14, 2025, US District Court denied all XTI arguments to dismiss Xeriant's claims.
Xeriant's auditor Accell resigns; appoints Astra Audit as new independent auditor
Accell Audit and Compliance resigned as Xeriant's auditor effective July 8, 2024, due to ceasing PCAOB audit services.
Xeriant sues XTI Aircraft for fraud, seeks over $500M and injunction to block merger with Inpixon
Suit filed in SDNY (Case 1:23-cv-10656); claims XTI fraudulently induced $5.5M investment in TriFan 600 eVTOL.
Xeriant files BF Borgers response letter in 8-K/A after auditor dismissal
Filed amended 8-K to include BF Borgers CPA PC's response letter regarding dismissal as independent auditor.
Xeriant dismisses BF Borgers as auditor, engages Accell Audit & Compliance
Dismissed BF Borgers CPA PC as independent auditor effective August 28, 2023.
Xeriant amends $6.05M convertible note; extends maturity to Mar 2023, grants 25M warrants at $0.09
Extended maturity date of $6.05M note, uplist obligation and XTI acquisition to March 15, 2023.
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.
Xeriant enters JV with Movychem to commercialize Retacell fire retardant; contributes $2.6M
50/50 JV Ebenberg LLC will develop and market Retacell polymer-gel fire retardant globally.
Xeriant raises $5.14M net from $6.05M secured note to Auctus Fund; issues 50.97M warrants
Principal $6,050,000; net proceeds $5,142,500 after original-issue discount of $907,500 and fees.
Effective March 31, 2025, Edward DeFeudis resigned as a director of Xeriant, Inc. (the “Company”).
Effective March 31, 2025, Mark Sternberg was elected as a director of the Company.
Max materiality 0.90 · Median 0.60 · Most common event debt