Xiao-I Corporation Announces Receipt of Nasdaq Listing Deficiency Notice
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Rhea-AI Summary
Xiao-I Corporation (Nasdaq: AIXI) reported receiving a Nasdaq Listing Qualifications notice dated August 6, 2026, stating the company is not in compliance with the minimum market value of publicly held shares (MVPHS) requirement under Nasdaq Listing Rule 5450(b)(3)(C).
Based on the closing bid prices of its ADSs for the 30 consecutive business days from June 23 to August 4, 2026, Xiao-I’s MVPHS was below the required US$15,000,000. Under Listing Rule 5810(c)(3)(D), the company has a 180‑day compliance period, until February 1, 2027, to regain compliance by maintaining MVPHS of at least US$15,000,000 for a minimum of 10 consecutive business days, with Nasdaq able to extend this up to 20 days.
The notice has no immediate effect on the listing or trading of AIXI ADSs, which remain on The Nasdaq Global Market. Xiao-I plans to monitor MVPHS and evaluate options to regain compliance, but notes there is no assurance of success and that failure could lead to delisting, subject to appeal rights.
Positive
- No immediate delisting impact – ADSs continue trading on Nasdaq Global Market under AIXI
- 180-day cure period granted to February 1, 2027 to regain MVPHS compliance
- Company will actively monitor MVPHS and evaluate options to restore compliance
- Potential appeal process available if Nasdaq moves to delist after the period
Negative
- Not in compliance with Nasdaq MVPHS minimum of US$15,000,000
- MVPHS stayed below US$15,000,000 for 30 consecutive business days ending August 4, 2026
- Risk of Nasdaq delisting if compliance is not regained by February 1, 2027
- Uncertainty highlighted: no assurance the company can regain or maintain compliance
Details
News Market Reaction – AIXI
On Aug 20, the day this news came out, AIXI closed 21.11% below the previous close. Argus tracked a trough of -32.5% from its starting point during tracking. Our momentum scanner recorded 45 alerts for this stock that day. Relative volume reached 10.6x the daily average during tracking.
Data tracked by StockTitan Argus for the Aug 20 session.
Key Figures
- MVPHS requirement
- US$15,000,000
- Nasdaq Listing Rule 5450(b)(3)(C)
- Deficiency measurement period
- 30 consecutive business days
- June 23, 2026 through August 4, 2026
- Compliance period
- 180 calendar days
- Until February 1, 2027
- Required compliance duration
- 10 consecutive business days
- MVPHS must close at US$15,000,000 or more
- Potential extended duration
- 20 consecutive business days
- Nasdaq may require a longer compliance period
- Notice date
- August 6, 2026
- Nasdaq written notification letter
Historical Context
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First-instance court rulings dismissed infringement claims against Apple
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Company regained full compliance with Nasdaq continued listing standards
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ADS ratio changed from three to sixty ordinary shares
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Company announced a one-for-twenty reverse ADS split
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Supreme People's Court affirmed patent validity in full
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
Nasdaq Listing Rule 5450(b)(3)(C) requires a company listed on The Nasdaq Global Market under the applicable continued listing standard to maintain an MVPHS of at least
In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, or until February 1, 2027, to regain compliance. To regain compliance, the Company's MVPHS must close at
Status and Next Steps
The Notice has no immediate effect on the listing or trading of the Company's ADSs, which will continue to be listed and traded on The Nasdaq Global Market under the symbol "AIXI," subject to the Company's compliance with Nasdaq's other continued listing requirements. The Company intends to actively monitor its MVPHS and evaluate available options to regain compliance with the MVPHS requirement within the prescribed compliance period. There can be no assurance, however, that the Company will be able to regain compliance with the MVPHS requirement within the applicable compliance period or maintain compliance with Nasdaq's other continued listing requirements.
If the Company does not regain compliance by the expiration of the compliance period, Nasdaq will provide written notification that the Company's securities are subject to delisting. At that time, the Company may appeal Nasdaq's determination to a hearings panel in accordance with the applicable Nasdaq Listing Rules.
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-receipt-of-nasdaq-listing-deficiency-notice-302856085.html
SOURCE Xiao-I Corporation
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