Xeriant Strikes $3.5 Million Settlement and Share Issuance Deal With Auctus Fund

Reuters11-13

Xeriant Strikes $3.5 Million Settlement and Share Issuance Deal With Auctus Fund

Xeriant Inc. has entered into a Settlement Agreement with Auctus Fund, LLC, amending terms related to a prior Senior Secured Promissory Note originally dated October 27, 2021. Under the agreement, Xeriant will issue 30 million unrestricted shares of its common stock to Auctus and make cash payments totaling $3.5 million, scheduled in four installments between 75 and 165 days from October 29, 2025. Additionally, Xeriant has agreed to transfer a portion of any proceeds received from its litigation against XTI Aircraft Company to Auctus. Auctus retains its original warrant to purchase over 50 million shares of Xeriant's common stock, and both parties have agreed to mutual non-litigation terms regarding the released claims. The shares issued to Auctus are exempt from SEC registration under Section 4(a)(2) of the Securities Act.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xeriant Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-008111), on November 12, 2025, and is solely responsible for the information contained therein.

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