Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on September 8, 2026
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Rhea-AI Summary
Xiao-I Corporation (AIXI) will change its American Depositary Share (ADS) ratio from one ADS representing sixty ordinary shares to one ADS representing four hundred and twenty ordinary shares, which has the same effect for ADS holders as a one-for-seven reverse ADS split, effective September 8, 2026.
ADSs will continue trading on Nasdaq under ticker AIXI on a post-reverse basis from the market open that day, with a new CUSIP of 98423X407. Ordinary shares are not affected. Every seven existing ADSs will automatically convert into one new ADS, and fractional ADSs will be sold for cash proceeds distributed to holders.
Details
News Market Reaction – AIXI
On Sep 3, the day this news came out, AIXI closed 2.74% above the previous close. Argus tracked a peak move of +2.8% during that session. Argus tracked a trough of -8.9% from its starting point during tracking. Our momentum scanner recorded 5 alerts for this stock that day. Relative volume reached 1.7x the daily average during tracking.
Data tracked by StockTitan Argus for the Sep 3 session.
Key Figures
- Existing ADS ratio
- 1 ADS = 60 ordinary shares
- Prior ADS ratio
- New ADS ratio
- 1 ADS = 420 ordinary shares
- Effective September 8, 2026
- Reverse ADS split
- 1-for-7
- Equivalent effect for ADS holders
- Marketplace effective date
- September 8, 2026
- Post-reverse ADS split trading expected at market open
- Automatic exchange
- 7 ADSs for 1 new ADS
- Exchange occurs automatically on the Effective Date
- New CUSIP
- 98423X407
- ADSs following the reverse ADS split
Historical Context
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Nasdaq notice cited failure to meet minimum market value of publicly held shares.
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Company announced a one-for-seven reverse ADS split effective in September.
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Court dismissed infringement claims and the company announced plans to appeal.
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Company reported regaining full compliance with Nasdaq continued listing standards.
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Company announced a one-for-twenty reverse ADS split effective May 11.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ads financial
reverse ads split financial
cusip number regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company's ADSs are expected to begin trading on The Nasdaq Stock Market on a post-reverse ADS split basis under the same ticker symbol, "AIXI," effective at the open of business on September 8, 2026 (the "Effective Date"). The new CUSIP number for the Company's ADSs following the reverse ADS split is expected to be 98423X407.
The ordinary shares of the Company will not be affected by the change in the ADS ratio. No ordinary shares will be issued or canceled in connection with the change in the ADS ratio, and holders of the Company's ordinary shares will be unaffected by the new ADS ratio.
The exchange of every seven (7) then-held ADSs for one (1) new ADS will occur automatically on the Effective Date, with the then-held ADSs being canceled and new ADSs being issued by Citibank, N.A., as depositary. No action is required by ADS holders to effect the exchange.
Fractional new ADSs will not be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary, and the net cash proceeds from the sale, after deduction of applicable fees, taxes and expenses, will be distributed to the applicable ADS holders in accordance with the terms of the deposit agreement.
About Xiao-I Corporation
Xiao-I Corporation is a leading cognitive intelligence enterprise in
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, its future business development, financial condition, and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F, as amended by Amendment No. 1 on Form 20-F/A filed with the SEC on May 22, 2026, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
View original content:https://www.prnewswire.com/news-releases/xiao-i-corporation-announces-ads-ratio-change-with-marketplace-effective-date-on-september-8-2026-302864732.html
SOURCE Xiao-I Corporation
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