Xeriant Inc (XERI)

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It’s very clear- we are DEBT FREE- all other non settled liabilities have been spun off and there is no pending claims or litigation against the company. Furthermore, company will aggressively regain current reporting status. All shares issued in the merger are restricted. It’s the PERFECT setup. A unicorn merger.

“Consummation of the Exchange was effective on September 30, 2019. Pursuant to the Exchange Agreement, the Company a) agreed to issue 2,750,000 shares of the Company’s Series A Preferred Stock to the members of AAT, b) agreed to issue 206,831 shares of the Company’s Series A Preferred Stock to various parties to settle outstanding debt and threatened litigation, c) agreed to issue 170,000 shares of the Company’s Series A Preferred Stock for consulting services, and d) spun out the right, title and interest in its two subsidiaries; Banjo & Matilda (USA), Inc. and Banjo & Matilda Australia Pty LTD, including all related assets and liabilities.”

The Company is delinquent in its SEC reporting obligations, and the management will work expeditiously to regain current status as soon as practicable.