SplitMay 7, 2026, 12:12 PM
Xiao-I Corp Announces 1-for-20 Reverse ADS Split
AI Summary
Xiao-I Corporation announced a plan to change the ratio of its American Depositary Shares (ADS) to ordinary shares from one (1) ADS representing three (3) ordinary shares to one (1) ADS representing sixty (60) ordinary shares. This adjustment will have the same effect as a one-for-twenty reverse ADS split for current ADS holders. The Company's ordinary shares will remain unaffected, and the new ADS are expected to trade on NASDAQ under the symbol "AIXI" starting May 11, 2026.
Key Highlights
- Xiao-I Corp will change its ADS to ordinary share ratio from 1:3 to 1:60.
- This change is equivalent to a 1-for-20 reverse ADS split for ADS holders.
- The Company's ordinary shares will not be affected by this ratio change.
- The new ADS ratio will be effective on May 11, 2026.
- Every 20 then-held ADSs will automatically be exchanged for one new ADS.
- The new CUSIP number for the Company's ADS post-split is 98423X308.