---
title: "Xiao-I signs deal to issue USD 2.17 million convertible note to institutional investor"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291322215.md"
description: "Xiao-I Corp. signed a securities purchase agreement on June 29, 2026, to issue a $2.17 million unsecured convertible promissory note to an institutional investor. The transaction involves a $2 million purchase price, including discounts and expenses, alongside the issuance of 325,000 ADSs as pre-delivery shares. Closing is anticipated around June 30, 2026, subject to customary conditions."
datetime: "2026-06-30T18:36:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291322215.md)
  - [en](https://longbridge.com/en/news/291322215.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291322215.md)
generator: "portal-rs"
---

# Xiao-I signs deal to issue USD 2.17 million convertible note to institutional investor

-   Xiao-I entered a securities purchase agreement on June 29, 2026 to sell an unsecured convertible promissory note with $2.17 million principal. \* The note carries a $160,000 original issue discount and $10,000 in transaction expenses, implying a purchase price of $2 million. \* The deal also includes issuance of 325,000 ADSs as pre-delivery shares. \* Closing is expected on or about June 30, 2026, subject to customary conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xiao-I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-073605), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**