Xeriant and XTI Aircraft sign LOI to pursue merger

Xeriant and XTI Aircraft have executed a Letter of Intent to pursue a merger whereby Xeriant would acquire 100% of XTI's shares. The parties will negotiate a definitive merger agreement by October 22, 2021.

“Xeriant and XTI Aircraft announced today that they have executed a Letter of Intent to pursue a merger whereby Xeriant would acquire 100% of the issued and outstanding shares of XTI.”airframer.com

• 2 sources
• airframer.comXeriant and XTI Aircraft sign LOI to pursue merger | Press release | Airframer | AirframerSep 22, 2021
• globenewswire.comXeriant and XTI Aircraft sign LOI to pursue MergerXeriant, Inc.Sep 22, 2021

Summarized from public sources; check the original articles before acting on it.