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Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on May 11, 2026
The change will automatically exchange every 20 ADSs for 1 new ADS, with fractional interests sold and cash distributed to holders.
- On Wednesday, Xiao-I Corporation announced it will change its American Depositary Shares ratio from one ADS representing three ordinary shares to one representing sixty, effective May 11, 2026.
- The exchange of every twenty currently held ADSs for one new ADS will occur automatically on the effective date, functioning as a one-for-twenty reverse ADS split requiring no investor action.
- Citibank, the depositary, will aggregate and sell fractional entitlements, distributing net cash proceeds to holders after applicable fees and taxes, while the Company's ordinary shares remain unaffected.
- The Company expects its post-reverse split ADSs to begin trading on The Nasdaq Stock Market under ticker symbol "AIXI" at the market open on May 11, 2026.
- Headquartered in China, Xiao-I Corporation operates as a cognitive intelligence enterprise developing proprietary artificial intelligence technologies, including machine learning and image recognition, to support industrial digitization.
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The Conway Daily Sun+27 Reposted by 27 other sources
Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on May 11, 2026
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…
Coverage Details
Total News Sources28
Leaning Left4Leaning Right3Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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