Xeriant Inc (XERI)

[quester614]

They must have made the deal out if the kindness of their hearts. LOL

Maxim Group LLC acted as the exclusive placement agent for the offering.

https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm

What do placement agents do in private equity?
A placement agent serves a vital function in the fundraising market. Placement agents are hired by investment funds (e.g., private equity fund, hedge fund, real estate fund, or other alternative assets) to raise capital quickly and efficiently, which they achieve by introducing the fund managers to qualified investors.
https://www.investopedia.com/terms/p/placement-agent.asp#:~:text=A%20placement%20agent%20serves%20a,fund%20managers%20to%20qualified%20investors.