Xeriant Inc (XERI)

[Havoc23]

Support will come as the merger deal is finalized:

The MOU is a binding agreement whether a Definitive Agreement is entered into or not. Upon satisfactory completion of their respective due diligence investigations the Parties will collaboratively act expeditiously to adopt and execute a Plan of Merger of the two entities.

As far as the light you bought, I've had success with similar "cheaper" lights. But I wouldn't call it a competitor because Spectrum King is targeting this:



Also see this from Spectrum King as to why their price is higher:

The majority of LED grow lights made in China use in-house assembled LED chips with standard, off-the-shelf diodes, such as Bridgelux and Epistar. Taking these diodes and making an LED is risky for the end consumer buying the product. These companies have no binning nor do they have LM79 or LM80 data on the LED chips. They are virtually unverified and inconsistent products. The process of making LEDs requires a highly sterile environment with no humidity. We can tell you from previous visits to factories in China (we tried them too many years ago) that the majority of them have sub-standard conditions—no clean rooms, hot humid environments, and no proper packaging and handling of the LEDs. Every LED batch off the production line comes out with slightly different lumen output. On all properly monitored LED assembly plants such as Cree there is a minimum and maximum range per diode series that usually has a 10% maximum allowed fluctuation. This is called binning. When your fixture features many LEDs, that 10% variance in the LEDs can equal a lot of your overall intensity. This is why we make our lights in the USA with high quality verified components.