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Re: quester614 post# 32975

Friday, 07/12/2024 12:04:51 PM

Friday, July 12, 2024 12:04:51 PM

Post# of 39667
The $10 million (maximum option to invest in the JV) had NOTHING to do with the $100 million that Maxim had committed to raise for the merger. XERI only invested as much as XTI needed ($5.4 million) to complete the PDR. XERI was never obligated to invest any more -- and we should all be glad they didn't.
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