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Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on May 11, 2026

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Xiao-I Corporation (Nasdaq: AIXI) will change its American Depositary Share ratio from 1 ADS = 3 ordinary shares to 1 ADS = 60 ordinary shares, effective at market open on May 11, 2026. For ADS holders, this is equivalent to a one-for-twenty reverse ADS split.

The company's ADSs will continue trading under the ticker AIXI on Nasdaq after the split. The new ADS CUSIP will be 98423X308. Ordinary shares are unaffected; no ordinary shares will be issued or cancelled. Citibank, N.A., as depositary, will automatically exchange every twenty then-held ADSs for one new ADS and will aggregate and sell fractional entitlements, distributing net cash proceeds after applicable fees, taxes and expenses.

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Positive

  • ADS ratio consolidated to 1:60 (one-for-20 reverse ADS split)
  • ADS will resume trading under the same ticker AIXI on Nasdaq
  • Automatic exchange by Citibank, N.A.; no action required by ADS holders

Negative

  • Each ADS holder will see their ADS count reduced by a 20-to-1 ratio
  • Fractional new ADSs will not be issued; fractional entitlements will be sold and distributed as cash after fees

News Market Reaction – AIXI

-3.23%
21 alerts
-3.23% Session close to close
-12.8% Trough in 35 hr 27 min
$10.90M Market Cap
0.1x Rel. Volume

In the May 7 session, AIXI declined 3.23%, reflecting a moderate negative market reaction. Argus tracked a trough of -12.8% from its starting point during tracking. Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms the implementation details and effective date of an ADS ratio change that...
Analysis

This announcement confirms the implementation details and effective date of an ADS ratio change that operates as a one-for-twenty reverse ADS split, effective May 11, 2026. Ordinary shares are explicitly unaffected, and the exchange of every 20 ADSs for 1 new ADS will occur automatically. In recent months, Xiao-I’s news flow has mixed structural steps with legal and commercial milestones, so tracking future filings and corporate actions remains important.

Key Figures

ADS ratio (old): 1 ADS : 3 ordinary shares ADS ratio (new): 1 ADS : 60 ordinary shares Reverse ADS split: 1-for-20 +3 more
6 metrics
ADS ratio (old) 1 ADS : 3 ordinary shares Pre-change ADS structure
ADS ratio (new) 1 ADS : 60 ordinary shares Post-change ADS structure
Reverse ADS split 1-for-20 Economic effect for ADS holders
Exchange ratio 20 ADSs for 1 new ADS Automatic exchange on effective date
Effective date May 11, 2026 Post-reverse ADS trading start on Nasdaq
New CUSIP 98423X308 CUSIP for ADSs after reverse split

Historical Context

4 past events · Latest: Apr 23 (Neutral)
Pattern 4 events
Date Event Sentiment 24h Move Catalyst
Apr 23 ADS ratio plan Neutral -29.6% Announced intention to implement reverse ADS split via ADS ratio change.
Mar 31 Patent litigation Positive +18.2% China Supreme Court upheld core AI patents in Apple dispute.
Dec 23 Nasdaq deficiencies Negative +1.5% Disclosed Nasdaq minimum bid price and MVPHS listing deficiency notices.
Nov 21 Contract renewal Positive +28.5% Renewed major automotive JV contract for cognitive AI platforms.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Past structurally focused news, including ADS ratio plans and listing deficiencies, has sometimes seen negative or contrary price reactions, while operational or legal wins often aligned positively.

Recent Company History

Over the last several months, Xiao-I has combined corporate structure actions with legal and commercial milestones. A prior ADS ratio change plan on Apr 23, 2026 saw a -29.62% reaction, while the Apple patent ruling on Mar 31, 2026 and an automotive AI contract renewal on Nov 21, 2025 drew positive moves. Nasdaq deficiency notices in Dec 2025 had a mildly positive reaction, illustrating mixed responses to compliance and capital-structure news.

Key Terms

american depositary shares, ads, cusip
3 terms
american depositary shares financial
"it will change the ratio of its American Depositary Shares ("ADSs") to its ordinary"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
ads financial
"For the Company's ADS holders, the change in the ADS ratio will have the same effect"
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
cusip financial
"The new CUSIP number for the Company's ADSs following the reverse ADS split will be"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
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AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, May 6, 2026 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) (the "Company") today announced that it will change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS representing three (3) ordinary shares to one (1) ADS representing sixty (60) ordinary shares. For the Company's ADS holders, the change in the ADS ratio will have the same effect as a one-for-twenty reverse ADS split.

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 May 11, 2026. The new CUSIP number for the Company's ADSs following the reverse ADS split will be 98423X308.

The ordinary shares of the Company will not be affected by the change in the ADS ratio. No ordinary shares will be issued or cancelled 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 twenty (20) then-held ADSs for one (1) new ADS will occur automatically on the effective date, with the then-held ADSs being cancelled and new ADSs 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 China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com

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 filed with the SEC on April 30, 2024, 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.

 

Cision View original content:https://www.prnewswire.com/news-releases/xiao-i-corporation-announces-ads-ratio-change-with-marketplace-effective-date-on-may-11-2026-302764816.html

SOURCE Xiao-I Corporation

FAQ

What is the ADS ratio change for Xiao-I Corporation (AIXI) and when does it take effect?

The ADS ratio will change to 1 ADS = 60 ordinary shares, effective at market open on May 11, 2026. According to the company, trading will continue under the same ticker AIXI on Nasdaq following the change.

How will the reverse ADS split affect my Xiao-I (AIXI) ADS holdings?

Every 20 existing ADSs will be exchanged automatically for 1 new ADS on the effective date. According to the company, Citibank will cancel old ADSs and issue new ADSs; holders need not take any action.

Will Xiao-I (AIXI) ordinary shares be affected by the ADS ratio change?

No, the company's ordinary shares will not be affected by the ADS ratio change. According to the company, no ordinary shares will be issued or cancelled and ordinary shareholders are unaffected.

What happens to fractional ADS entitlements after Xiao-I's (AIXI) reverse ADS split?

Fractional new ADSs will not be issued; fractional entitlements will be aggregated and sold for cash. According to the company, net cash proceeds after fees, taxes and expenses will be distributed to applicable ADS holders.

Will Xiao-I (AIXI) keep the same ticker and get a new CUSIP after the ADS change?

Yes, the ADSs will trade under the same ticker AIXI and will have a new CUSIP 98423X308 after the effective date. According to the company, the new CUSIP applies to ADSs following the reverse ADS split.