Xeriant Inc (XERI): FINS OUT!!! DEFAULT CONFIRMED... http...

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Xeriant Inc (XERI)

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Tuesday, 05/23/2023 6:50:58 AM

Tuesday, May 23, 2023 6:50:58 AM

FINS OUT!!! DEFAULT CONFIRMED...

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001481504/000147793223003889/xeri_10q.htm

For the nine months ended March 31, 2023, the Company recorded $461,482 in amortization of debt discount related to the Auctus note. As of March 31, 2023 and June 30, 2022, the carrying value of the Auctus note was $5,900,000 and $3,936,185, respectively.

The Note matured on March 15, 2023 and is considered in default as of March 31, 2023. The Company is involved in ongoing discussions with Auctus regarding the Note. No assurance can be given that we will reach a successful resolution.

Bearish

All of my posts are not Investment advice. They are all my own opinion.

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