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AIXI-News
AIXI-Events
Xiao-I Adjusts ADS Ratio to 1:420
Xiao-I plans to change the ratio of its American Depositary Shares to its ordinary shares, par value $0.00005 per share, from the current ADS Ratio of one ADS to 60 ordinary shares to a new ADS Ratio of one ADS to 420 ordinary shares. For the company's ADS holders, the change in the ADS Ratio will have the same effect as a 1-for-7 reverse ADS split. The company anticipates that the change in the ADS Ratio will be effective on or about September 8. The company's ADSs will continue to be traded on the Nasdaq Stock Market under the symbol "AIXI." The change in the ADS ratio will have no impact on the company's underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in the ADS ratio. As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the company can give no assurance that the ADS trading price after the change in the ADS ratio will be equal to or greater than seven times the ADS trading price before the change.
Xiao-I Receives Compliance Notification from Nasdaq
Xiao-I announced that it received a written notification letter from the Listing Qualifications Department of The Nasdaq Stock Market dated August 6, 2026, indicating that the company is not currently in compliance with the minimum market value of publicly held shares requirement set forth in Nasdaq Listing Rule 5450(b)(3)(C). In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the company has been provided a compliance period of 180 calendar days, or until February 1, 2027, to regain compliance.
Xiao-I Corp Trading Halted Due to Volatility
Xiao-I Corp (ADR) trading halted, volatility trading pause
Xiao-I Adjusts ADS Ratio to 1:60
Xiao-I plans to change the ratio of its American Depositary Shares, or ADSs, to its ordinary shares, par value 0.005c per share, from the current ADS Ratio of one ADS to one-third of an ordinary share to a new ADS Ratio of one ADS to 60 ordinary shares. For the company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-twenty reverse ADS split. The company anticipates that the change in the ADS Ratio will be effective on or about May 11. The exchange of every 20 then-held ADSs for one new ADS will occur automatically at the effective date, with the then-held ADSs being cancelled and new ADSs being issued by Citibank, N.A., the depositary bank. The company's ADSs will continue to be traded on the Nasdaq Stock Market under the symbol "AIXI." The change in the ADS Ratio will have no impact on the company's underlying ordinary shares. As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally.
Xiao-I's VIE Wins Patent Infringement Case Against Apple
Xiao-I (AIXI) provided an additional material update on its variable interest entity's, or VIE's, ongoing patent infringement lawsuit against Apple Computer Trading Shanghai, Apple (AAPL), and Apple Computer Trading Shanghai. The lawsuit centers on allegations that Apple infringed on the VIE's intellectual property rights related to core artificial intelligence technology, with the legal proceedings having advanced through key appellate stages since the Company's last update. On March 27, the Supreme People's Court rendered its final second-instance judgments on Apple's appeal. In the ruling, the Supreme People's Court formally rejected Apple's application to have Xiao-I's VIE's relevant patents declared invalid and affirmed the legality and validity of such patents in full. This judgment constitutes a final and binding ruling under the laws of the People's Republic of China, with no further right of appeal available to either party in respect of the patent validity determination. There can be no assurance as to the ultimate outcome of the remaining proceedings against Apple, there is no guarantee that the company will be awarded any financial compensation.
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