Xeriant Inc (XERI): Well, 37.6M in dilution shares recently...

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Xeriant Inc (XERI)

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Re: StockItOut post# 31857

Tuesday, 05/14/2024 5:32:51 PM

Tuesday, May 14, 2024 5:32:51 PM

Well, 37.6M in dilution shares recently made available to address debt concerns.

Auctus Fund Senior Secured Note

On April 4, 2024, Auctus converted $227,067 in interest into 22,706,700 shares of common stock.

Stock Issuances

Subsequent to March 31, 2024, the Company issued 14,933,933 additional shares of common stock to investors relating to price protection claims in the 2021 private placement. The Company disputes the claims but decided to issue the shares to avoid potential litigation. The Company issued 11,000,000 shares of common stock for conversion of convertible notes.

Did Smarty get some extra shares?

.

© 2024, by StockItOut

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