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.