Xeriant Reduces Debt and Reaches Amicable Settlement with Auctus Fund

Core Insights - Xeriant, Inc. has reached an amicable settlement with Auctus Fund, LLC, which ceases ongoing litigation and suspends further debt conversions into shares, thereby reducing the company's outstanding debt [1][2] - The settlement is expected to strengthen Xeriant's financial position and provide clarity around its capital structure, allowing the company to focus on advancing its NEXBOARD™ certification and commercialization of its advanced materials portfolio [2] Company Overview - Xeriant, Inc. is dedicated to the discovery, development, and commercialization of transformative technologies, particularly advanced materials that can be integrated across various industrial sectors [4] - The company's advanced materials line is marketed under the DUREVER™ brand, which includes NEXBOARD™, an eco-friendly composite construction panel designed to replace traditional building materials [4]