Xiao-i corporation announces plan to implement ads ratio change

Shanghai , aug. 5, 2024 /prnewswire/ -- xiao-i corporation ("xiao-i" or the "company") (nasdaq: aixi), a leading artificial intelligence company, today announced that it plans to change the ratio of its american depositary shares (the "adss") to its ordinary shares (the "ads ratio"), par value us$0.00005 per share, from the current ads ratio of one ads to one-third of an ordinary share to a new ads ratio of one ads to 3 ordinary shares. for the company's ads holders, the change in the ads ratio will have the same effect as a one-for-nine reverse ads split.
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