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.
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 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 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