Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on May 11, 2026
Rhea-AI Summary
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.
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
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.
Key Figures
Historical Context
| 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.
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.
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
ads financial
cusip financial
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 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
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
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