-+ 0.00%
-+ 0.00%
-+ 0.00%
Xiao-I Intends To Adopt 1-For-7 Reverse Stock Split For Its American Depositary Shares, Effective Sept. 8
Share
Listen to the news

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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending