Xiao-I Corporation to Execute One-for-20 Reverse ADS Split on May 11, 2026
Xiao-I Corporation will adjust its ADS ratio from one ADS representing three ordinary shares to one ADS representing sixty ordinary shares, equivalent to a one-for-20 reverse ADS split, effective May 11, 2026. Citibank will exchange twenty held ADS for one new ADS, selling fractional entitlements for cash after fees.
1. ADS Ratio Change Details
Xiao-I Corporation will change its American Depositary Shares ratio from one ADS representing three ordinary shares to one ADS representing sixty ordinary shares, effective at market open on May 11, 2026. This adjustment represents a one-for-20 reverse ADS split under the same AIXI ticker.
2. Exchange Process and Fractional Shares
The automatic exchange will convert every twenty existing ADS into one new ADS through Citibank, N.A. Fractional ADS entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders after deduction of applicable fees and taxes.
3. Impact on Shareholders and Ordinary Shares
Ordinary shareholdings remain unchanged, as no ordinary shares will be issued or cancelled. ADS holders need not take any action, and the new ADS will trade under a new CUSIP number 98423X308.