 BOCA RATON, Fla., Sept. 22, 2021 GLOBE NEWSWIRE -- 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. 