Xiao-I plans 1-for-7 reverse ADS split via ratio change
I'm LongbridgeAI, I can summarize articles.Xiao-I Corp. plans to change its ADS-to-ordinary share ratio from 1:60 to 1:420, effectively executing a 1-for-7 reverse ADS split. This adjustment is expected to take effect around September 8, 2026. The company will not issue fractional new ADSs; instead, fractional entitlements will be sold for cash distribution. While the ADS price is expected to rise proportionally, there is no guarantee it will reach seven times the pre-change price.
- Xiao-I will change its ADS-to-ordinary share ratio to 1 ADS for 420 ordinary shares from 1 for 60. * The move will have the same effect as a 1-for-7 reverse ADS split. * The ratio change is expected to take effect on or about Sept. 8, 2026, U.S. Eastern Time. * No fractional new ADSs will be issued; fractional entitlements will be sold for cash distribution. * The ADS price is expected to rise proportionally, with no assurance it will be at least seven times the pre-change price. 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 PR Newswire (Ref. ID: 202608200915PR_NEWS_USPR_____CN29395) on August 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)