Xiao-I Intends To Adopt 1-For-7 Reverse Stock Split For Its American Depositary Shares, Effective Sept. 8
Benzinga Newsdesk 2 months ago
Stock SplitNews
Xiao-I Corporation (NASDAQ:AIXI) (the "Company") today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS representing sixty
Xiao-I Corporation (NASDAQ:AIXI) (the "Company") today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS representing sixty (60) ordinary shares to one (1) ADS representing four hundred and twenty (420) ordinary shares. For the Company's ADS holders, the change in the ADS ratio will have the same effect as a one-for-seven reverse ADS split.