BackSummary
Xiao-I Corporation announces a 1-for-20 reverse ADS split effective May 11, 2026, changing the ADS-to-ordinary share ratio from 1:3 to 1:60.
Key takeaways
- ADS ratio changes from 1 ADS representing 3 ordinary shares to 1 ADS representing 60 ordinary shares, effective May 11, 2026.
- The change has the same effect as a 1-for-20 reverse ADS split; every 20 existing ADSs will be exchanged for 1 new ADS.
- No action required from ADS holders; fractional new ADSs will be sold and proceeds distributed.
- Ordinary shares are unaffected; no shares will be issued or cancelled.
- New CUSIP number for ADSs post-split is 98423X308; ticker symbol remains AIXI.