Xiao-I Corp - Files for offering up to $4.33 mln of ADSs upon conversion of note due 2027 - SEC filing

Xiao-I Corporation (NASDAQ: AIXI) has filed with the U.S. Securities and Exchange Commission (SEC) for an offering of up to $4.33 million in American Depositary Shares (ADSs) that may be issued upon the conversion of a note due in 2027, according to a recent SEC filing. The offering is part of the company’s broader capital structure management strategy and is subject to market conditions and regulatory approvals.

In addition to this filing, the company announced on August 20, 2026, that it plans to implement a change in the ADS-to-ordinary share ratio, effectively a one-for-seven reverse ADS split, which become effective on or about September 8, 2026. This change will not affect the number of ordinary shares outstanding but will adjust the number of ordinary shares represented by each ADS from 60 to 420. As a result, the ADS trading price is expected to increase proportionally, although there is no guarantee that the price will reach or exceed seven times the pre-split level.

The proposed ADS offering and the upcoming ratio change reflect the company’s ongoing efforts to optimize its capital structure and align with evolving market dynamics. Investors are advised to review the company’s SEC filings for further details on the offering and associated risks.