Xeriant Inc (XERI)

[quester614]

Do you read what you post ??? Right here it says that it was found in public filings. It also says that it is debt funding. Which doesn't mean that it was payment toward the merger but instead a loan that was to be paid back.

What is in debt funding?
Debt comes in many forms but generally involves borrowing a sum of money, which is often secured against a tangible asset. The debt is repaid with interest at an agreed future date. Ideally your business should have a financial track record to secure debt.


96. Furthermore, when Inpixon and XTI finally decided to go public with the intent to merge in the July 2023 announcement, this public filing confirmed that on March 10, 2023, Inpixon entered into a transaction with XTI where XTI received debt funding of $300,000 with subsequent fundings that aggregated to $525,000,