Recent Updates — AIXI
Xiao-I Corporation announced a change in its American Depositary Share (ADS) ratio from one ADS representing sixty ordinary shares to one ADS representing four hundred twenty ordinary shares. This adjustment functions as a one-for-seven reverse ADS split, meaning holders will exchange seven existing ADSs for one new ADS. The effective date is September 8, 2026, when trading begins on the post-split basis under symbol AIXI. Ordinary shares remain unaffected, and fractional entitlements will be cashed out by Citibank, N.A. Xiao-I Corporation operates in the artificial intelligence industry, providing cognitive intelligence solutions including natural language processing, voice recognition, and machine learning services.
On August 26, 2026, Xiao-I Corporation entered into a Securities Purchase Agreement with an institutional investor to issue and sell an unsecured convertible promissory note. The Note has an original principal amount of $4,330,000 but was issued with an original issue discount of $320,000 and $10,000 in transaction expenses, resulting in a net purchase price of $4,000,000. The closing occurred on or about August 26, 2026. Xiao-I Corporation operates in the artificial intelligence industry, providing AI-powered customer service solutions.
Xiao-I Corporation received a notification from Nasdaq on August 6, 2026, indicating non-compliance with the minimum market value of publicly held shares requirement. The company's MVPHS fell below US$15 million based on closing bid prices for its ADSs between June 23 and August 4, 2026. Nasdaq granted an 180-day compliance period ending February 1, 2027, during which the company must restore its MVPHS to at least US$15 million for ten consecutive business days. Failure to comply may result in delisting proceedings and a potential appeal. Xiao-I Corporation operates in the artificial intelligence industry, providing AI-driven solutions.
Xiao-I Corporation entered into a Securities Purchase Agreement on June 29, 2026, with an institutional investor to issue a $2,170,000 unsecured convertible promissory note and 325,000 ADSs as pre-delivery shares. The note includes an original issue discount of $160,000 and $10,000 in transaction expenses, resulting in a net purchase price of $2,000,000. Closing is expected around June 30, 2026. The company operates in the technology sector, focusing on artificial intelligence.
On June 10, 2026, the Shanghai High People’s Court issued first-instance judgments regarding patent-related litigation between Xiao-I Corporation's variable interest entity, Shanghai Xiao-I Intelligent Network Technology Co., Ltd., and Apple Inc. The Company expressed disagreement with these rulings and announced its intention to file appeals with the Supreme People’s Court of the People’s Republic of China. Xiao-I Corp is a technology company focused on artificial intelligence and intelligent network solutions.