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Money Talk

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Xiao-I Corporation Sets One-for-Seven Reverse ADS Split

Xiao-I Corporation will shift its American Depositary Share ratio from one ADS representing 60 ordinary shares to one representing 420 shares, effectively executing a one-for-seven reverse split. The change takes effect on the Nasdaq market at the opening of business on September 8, 2026, under the ticker AIXI.

Xiao-I Corporation Sets One-for-Seven Reverse ADS Split
Photo: Bio & News

The adjustment, managed by Citibank, N.A., requires no intervention from existing shareholders. On the effective date, seven currently held ADSs will be automatically exchanged for one new ADS. The company confirmed that this structural change does not alter the underlying ordinary shares, which remain unaffected by the ratio update.

Any fractional entitlements resulting from the exchange will be aggregated and sold by the depositary. Net proceeds from these sales, minus applicable fees and taxes, will be distributed to the relevant holders. The company has assigned the new CUSIP number 98423X407 to its ADSs following the transition.

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