Xeriant Inc (XERI)

[Havoc23]

Again, the AS is 100 million with intention to raise it to 500 million post merger. It's explained in the mou. The chart describes shares of the private company which will rs prior to merging..

In a reverse stock split, a private company tries to minimize the number of shares it has outstanding so it can get a higher price per share when it goes public. ... An IPO, in its most basic form, is simply an offer of shares to the public that enables a company to raise cash.

https://www.bizjournals.com/sanjose/stories/2001/01/15/focus3.html