Xeriant, Inc. Files 8-K Report
Ticker: XERI · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1481504
| Field | Detail |
|---|---|
| Company | Xeriant, Inc. (XERI) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-filing, financials
TL;DR
XERIANT files 8-K, updates on corporate events & financials.
AI Summary
On January 22, 2025, Xeriant, Inc. filed an 8-K report detailing other events and financial statements. The company, formerly known as Banjo & Matilda, Inc., Eastern World Solutions, Inc., and Encom Group, Inc., is incorporated in Nevada and headquartered in Boca Raton, Florida.
Why It Matters
This filing provides an update on Xeriant, Inc.'s corporate activities and financial reporting, which is crucial for investors to stay informed about the company's status.
Risk Assessment
Risk Level: low — This is a routine filing of an 8-K report, which typically contains factual information without significant new risks.
Key Players & Entities
- XERIANT, INC. (company) — Registrant
- January 22, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Boca Raton, Florida (location) — Address of principal executive office
- Banjo & Matilda, Inc. (company) — Former company name
- Eastern World Solutions, Inc. (company) — Former company name
- Encom Group, Inc. (company) — Former company name
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on 'Other Events' and to include 'Financial Statements and Exhibits' as of January 22, 2025.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 22, 2025.
In which state is Xeriant, Inc. incorporated?
Xeriant, Inc. is incorporated in Nevada.
What is the principal executive office address for Xeriant, Inc.?
The principal executive office address for Xeriant, Inc. is Innovation Centre 1, 3998 FAU Boulevard, Suite 309, Boca Raton, Florida, 33431.
What were some of Xeriant, Inc.'s former company names?
Xeriant, Inc. was formerly known as Banjo & Matilda, Inc., Eastern World Solutions, Inc., and Encom Group, Inc.
Filing Stats: 578 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-23 06:02:15
Key Financial Figures
- $500 million — mong other things, damages in excess of $500 million. XTI moved before the Court on March 13
Filing Documents
- xeri_8k.htm (8-K) — 26KB
- xeri_ex991.htm (EX-99.1) — 12KB
- xeri_ex992.htm (EX-99.2) — 6KB
- xeri_ex991img30.jpg (GRAPHIC) — 173KB
- xeri_ex991img27.jpg (GRAPHIC) — 176KB
- xeri_ex991img28.jpg (GRAPHIC) — 184KB
- xeri_ex991img29.jpg (GRAPHIC) — 180KB
- xeri_ex991img36.jpg (GRAPHIC) — 178KB
- xeri_ex991img31.jpg (GRAPHIC) — 175KB
- xeri_ex991img32.jpg (GRAPHIC) — 169KB
- xeri_ex991img33.jpg (GRAPHIC) — 179KB
- xeri_ex991img34.jpg (GRAPHIC) — 175KB
- xeri_ex991img26.jpg (GRAPHIC) — 193KB
- xeri_ex991img25.jpg (GRAPHIC) — 150KB
- xeri_ex991img38.jpg (GRAPHIC) — 74KB
- xeri_ex991img37.jpg (GRAPHIC) — 178KB
- xeri_ex991img19.jpg (GRAPHIC) — 130KB
- xeri_ex991img20.jpg (GRAPHIC) — 179KB
- xeri_ex991img21.jpg (GRAPHIC) — 167KB
- xeri_ex991img22.jpg (GRAPHIC) — 171KB
- xeri_ex991img23.jpg (GRAPHIC) — 170KB
- xeri_ex991img24.jpg (GRAPHIC) — 182KB
- xeri_ex991img35.jpg (GRAPHIC) — 176KB
- 0001477932-25-000403.txt ( ) — 4798KB
- xeri-20250122.xsd (EX-101.SCH) — 6KB
- xeri-20250122_lab.xml (EX-101.LAB) — 14KB
- xeri-20250122_cal.xml (EX-101.CAL) — 1KB
- xeri-20250122_pre.xml (EX-101.PRE) — 9KB
- xeri-20250122_def.xml (EX-101.DEF) — 2KB
- xeri_8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On February 29, 2024, Xeriant, Inc. (the "Company") filed an Amended Complaint in the United States District Court for the Southern District of New York against XTI Aircraft Co. ("XTI"), the wholly owned and principal operating subsidiary of XTI Aerospace Inc. (Nasdaq: XTIA). alleging that XTI, engaged over a period of time in (1) intentional fraudulent conduct against Xeriant, (2) fraudulent concealment, (3) breach of contract, (4) quantum meruit, (5) unjust enrichment, (6) unfair competition, and (7) misappropriation of confidential information, and sought, among other things, damages in excess of $500 million. XTI moved before the Court on March 13, 2024, seeking to dismiss all Xeriant's claims except for breach of contract. Xeriant argued before the Court that all of these claims were legitimately alleged and should not be dismissed. On January 14, 2025, the Court agreed with Xeriant's position that its claims were validly alleged and denied all of XTI's arguments in their entirety. The Court has ordered that XTI must file an Answer to the Amended Complaint, and Xeriant intends to proceed to take discovery. On January 22, 2025 the Company issued a press release relating to the Court's decision. A copy of the Press Release is attached as Exhibit 99.2.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Court Opinion and Order 99.2 Press Release dated January 22, 2025 Item 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. XERIANT, INC. Date: January 23, 2025 By: /s/ KEITH DUFFY Keith Duffy, Chief Executive Officer 3