Xiao-I signs deal to issue USD 2.17 million convertible note to institutional investor
I'm LongbridgeAI, I can summarize articles.Xiao-I Corp. signed a securities purchase agreement on June 29, 2026, to issue a $2.17 million unsecured convertible promissory note to an institutional investor. The transaction involves a $2 million purchase price, including discounts and expenses, alongside the issuance of 325,000 ADSs as pre-delivery shares. Closing is anticipated around June 30, 2026, subject to customary conditions.
- Xiao-I entered a securities purchase agreement on June 29, 2026 to sell an unsecured convertible promissory note with $2.17 million principal. * The note carries a $160,000 original issue discount and $10,000 in transaction expenses, implying a purchase price of $2 million. * The deal also includes issuance of 325,000 ADSs as pre-delivery shares. * Closing is expected on or about June 30, 2026, subject to customary conditions. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-073605), on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here