Loan & DebtApr 30, 2026, 04:59 PM
AIXI Issues $3.25M Convertible Note & 8.5M Shares
AI Summary
Xiao-I Corporation entered into a Securities Purchase Agreement with an institutional investor on April 29, 2026. The company issued and sold an unsecured convertible promissory note with an original principal amount of $3.25 million and 8,503,369 ordinary shares. The note was issued with a $240,000 original issue discount, resulting in a purchase price of $3.0 million. The agreement also provides for the potential issuance of up to two additional unsecured convertible promissory notes, each for $270,000.
Key Highlights
- Entered into a Securities Purchase Agreement on April 29, 2026.
- Issued an unsecured convertible promissory note with a principal of $3.25 million.
- Issued 8,503,369 ordinary shares as pre-delivery shares.
- The note included an original issue discount of $240,000.
- The purchase price for the note was $3.0 million.
- Initial closing of the transaction occurred on April 29, 2026.
- Agreement allows for potential issuance of up to two additional $270,000 convertible notes.
Price Impact
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