Streeterville reports 5.52M shares (9.99%) of Xiao‑I
Streeterville Capital LLC and related reporting persons disclosed beneficial ownership of 5,518,004 ordinary shares of Xiao‑I Corp, equal to 9.99% of the class.
Rhea-AI Filing Summary
Streeterville Capital LLC and related reporting persons disclosed beneficial ownership of 5,518,004 ordinary shares of Xiao‑I Corp, equal to 9.99% of the class. The filing states this percentage is capped by contractual terms tied to Convertible Promissory Notes dated April 29, 2026 and July 1, 2026. The filing cites 55,235,284 shares outstanding as of December 31, 2025 per the issuer's 20‑F filed May 15, 2026. Reporting persons include Streeterville Capital LLC (direct), Streeterville Management LLC (manager), and John M. Fife (sole member/manager), each shown with sole voting and dispositive power over the same 5,518,004 shares.
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Insights
Ownership disclosure shows a near‑10% capped position under convertible notes.
The filing reports 5,518,004 shares representing 9.99% of Xiao‑I Corp's outstanding ordinary shares as of 12/31/2025. The 9.99% figure reflects a contractual ownership cap tied to two convertible promissory notes dated 4/29/2026 and 7/1/2026, which the filing cites verbatim.
The reporting structure links control through manager entities: Streeterville Capital LLC (direct), Streeterville Management LLC (manager), and John M. Fife (sole member). Future changes in beneficial ownership will depend on conversion mechanics and the contractual cap; subsequent filings will show any adjustments.
Filing clarifies percentage rounding and contractual cap language.
The report notes Form line formatting limits and emphasizes the operative cap is 9.99%. It ties the share count to the issuer's reported 55,235,284 shares outstanding as of December 31, 2025, citing the 20‑F.
Disclosure assigns sole voting and dispositive power over the same share count to each reporting person. This alignment is consistent with aggregated beneficial‑ownership reporting practices under applicable rules.
Key Figures
Key Terms
beneficially owned regulatory
sole dispositive power regulatory
convertible promissory note financial
FAQ
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What percentage of Xiao‑I Corp (AIXI) does Streeterville report owning?
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Why does the filing mention a 9.99% ownership cap for AIXI?
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