Xeriant Inc - XERI STOCK NEWS

Xeriant, Inc. (OTCQB: XERI) announced the appointment of Col. John “Bones” Parker (Ret.) to its Board of Advisors. Parker, a former Boeing Director with over 35 years of aviation experience, will support Xeriant's strategy in acquiring legacy aerospace businesses. His background includes significant roles in military sales and operations, providing valuable expertise in vertical lift aircraft and international military sales. Xeriant is focused on advanced air mobility and developing next-generation electric aircraft.

Xeriant, Inc. (OTCQB: XERI), an aerospace company focused on Advanced Air Mobility (AAM), released a year-end update highlighting its strategic initiatives and future growth plans. The company established a joint venture with XTI Aircraft, progressing on the hybrid-electric TriFan 600 VTOL airplane, which has secured preorders worth nearly $2 billion. Xeriant is also working on commercializing Movychem’s non-toxic flame retardant and completed a $6 million financing round. The leadership emphasizes a robust foundation for sustainable growth and shareholder value.

Xeriant, Inc. (OTCQB: XERI) closed $6.05 million in financing, essential to meet commitments in its joint venture with XTI Aircraft Company. This funding supports negotiations for a definitive merger agreement and plans for a public offering and uplisting.

The joint venture aims to develop the TriFan 600, a leading hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. CEO Keith Duffy emphasized the significance of this financing in advancing Xeriant's objectives in the Advanced Air Mobility sector.

Xeriant, Inc. (OTCQB: XERI) is progressing towards a definitive merger agreement with XTI Aircraft Company, focusing on the development of advanced air mobility solutions. The merger, announced via a Letter of Intent, aims for completion by October 22, 2021. XTI Aircraft's flagship product, the TriFan 600, is a hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. Xeriant's CEO, Keith Duffy, emphasized the company's commitment to eco-friendly aviation as they aim to enhance their portfolio in the aerospace sector.

Xeriant, Inc. has appointed Alfred Rapetti to its Advisory Board. With over $4 billion in transaction experience and a successful track record in aerospace and finance, Rapetti is poised to enhance Xeriant's strategic vision. He previously transformed Avantair, significantly increasing its equity value. Despite XTI Aircraft not participating in the 2021 NBAA Conference, Xeriant anticipates leveraging Rapetti's operational insights for future growth in the Advanced Air Mobility sector.

Xeriant, Inc. (OTCQB: XERI) will showcase its commitment to Advanced Air Mobility at the 2021 NBAA Business Aircraft Convention in Las Vegas from October 12-14. Partnering with XTI Aircraft Company, Xeriant will display the TriFan 600, a hybrid-electric VTOL aircraft. The event will include discussions on federal perspectives for AAM, featuring key industry leaders. Xeriant also received a 'Stock Promotion' flag from OTC Markets due to a newsletter campaign, which it did not initiate. The company remains dedicated to developing next-gen aircraft and infrastructure.

Xeriant, Inc. (OTCQB: XERI) has announced a Letter of Intent to merge with XTI Aircraft Company, the developer of the TriFan 600, a next-generation hybrid-electric VTOL aircraft. The merger aims for Xeriant to acquire 100% of XTI's shares, with plans to finalize a definitive agreement by October 22, 2021. Maxim Group LLC has been retained as a financial advisor for this transaction, which may also facilitate an uplisting of Xeriant’s stock to a national exchange.

Xeriant, Inc. has appointed Robert Carullo to its Advisory Board, bringing extensive experience in aircraft development and defense contracting. Carullo has managed numerous aviation projects, including the V-22 Osprey, and has overseen significant budgets. He aims to leverage his expertise to advance Xeriant's initiatives in Advanced Air Mobility (AAM). Following his government career, he has consulted for various aerospace firms and leads the SMART Congressional Initiative, focusing on technological growth in the mid-Atlantic region.

Xeriant, Inc. (XERI) has uplisted its common stock to the OTCQB Venture Market, enhancing its visibility and potentially broadening its shareholder base. The move follows the company's joint venture with XTI Aircraft, aimed at developing the TriFan 600, a revolutionary hybrid-electric aircraft with over $1.3 billion in preorders. The OTCQB uplisting is expected to provide investors with improved transparency and trading liquidity, being recognized by the SEC for its established public market.