Mergers & AcquisitionsBy The Online Investor Staff, updated Thu., Sep. 23, 12:47 AM
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Slide #2. Xeriant, Inc. — XTI Aircraft
Xeriant, Inc. (XERI)
Xeriant, Inc. (OTCQB: XERI) ("Xeriant"), an aerospace company dedicated to Advanced Air Mobility, and XTI Aircraft Company ("XTI"), an OEM and developer of the TriFan 600, a leading next-generation hybrid-electric VTOL aircraft, announced today that they have executed a Letter of Intent (the "LOI") to pursue a merger whereby Xeriant would acquire 100% of the issued and outstanding shares of XTI. The LOI provides for the parties to negotiate and enter into a definitive merger agreement by October 22, 2021.