Xiao-I Corp

Xiao-I Corporation announced that the Shanghai High People's Court issued first-instance judgments in its patent litigation against Apple Inc. The court dismissed Xiao-I's claims of invention patent infringement regarding its "Chat Robot System" and ruled that Apple's Siri technology does not fall within the patent's scope. Xiao-I disagrees with these rulings and plans to appeal to the Supreme People's Court of the People's Republic of China, asserting its intellectual property rights. The company noted that the patent's validity was previously upheld by the Supreme People's Court.

Xiao-I Corporation announced it has regained full compliance with all applicable Nasdaq continued listing standards. The company resolved the minimum bid price requirement on May 29, 2026, after its ADSs maintained a closing bid price of at least $1.00 for ten consecutive business days. Previously, on April 23, 2026, Xiao-I also regained compliance with the minimum market value of publicly held shares requirement. The initial deficiency notices were received in December 2025.

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.

Xiao-I Corporation announced the dismissal of Assentsure PAC and the appointment of CHI-LLTC as its new independent registered public accounting firm, effective April 13, 2026. The change was approved by the audit committee and was not a result of any disagreements regarding accounting principles, financial statement disclosure, or auditing scope or procedure. Assentsure's previous audit reports for 2023 and 2024 were unqualified.

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.