Xiao-I Corporation adjusts ADS to ordinary share ratio to one-for-seven

SHANGHAI, Sept. 3, 2026 /CourierPR/ -- Xiao-I Corporation is set to undergo a significant change in its American Depositary Shares (ADS) to ordinary share ratio, effective September 8, 2026. The company announced that the ratio will be adjusted from one ADS representing 60 ordinary shares to one ADS representing 420 ordinary shares. This change is equivalent to a one-for-seven reverse ADS split, impacting ADS holders and their trading dynamics on The Nasdaq Stock Market.

The transition to the new ADS ratio is expected to commence on the morning of September 8, 2026. At that time, ADSs will trade under the same ticker symbol, AIXI, but with the new structure. The new CUSIP number for the company's ADSs will be 98423X407, reflecting the altered share structure. Shareholders of the company's ordinary shares will remain unaffected by this change; no ordinary shares will be issued or canceled as a result of the ratio adjustment.

The process of exchanging ADSs will be seamless for investors. On the effective date, every seven then-held ADSs will be automatically converted into one new ADS, with the corresponding cancellation of the old ADSs and issuance of the new ones by Citibank, N.A., as depositary. ADS holders are not required to take any actions to facilitate the exchange.

In the event of fractional new ADSs resulting from the exchange, these will not be issued. Instead, the fractional entitlements will be aggregated and sold by the depositary. The net cash proceeds from these sales, after deducting applicable fees, taxes, and expenses, will be distributed to the relevant ADS holders according to the terms of the deposit agreement.

Xiao-I Corporation, a leading cognitive intelligence enterprise in China, continues to develop advanced AI technologies. Since its inception in 2001, the company has expanded its portfolio of cognitive intelligence solutions, including natural language processing, voice and image recognition, machine learning, and affective computing. These innovations are designed to support the digital transformation of various industries in China.

Forward-looking statements in this press release caution investors that the company's future performance may vary due to uncertainties and risks. These include the company's ability to achieve its strategic goals, its business development, financial condition, and results of operations, as well as external factors such as market demand, technological advancements, regulatory changes, and economic conditions in China.