Xiao-I Corporation Sets May 11 Effective Date for 1-for-20 ADS Reverse Split
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Xiao-I Corporation announced a 1-for-20 reverse split of its American Depositary Shares (ADS), effective May 11, 2026. The ratio will change from one ADS representing three ordinary shares to one ADS representing sixty ordinary shares. This move aims to consolidate the ADS float and support compliance with Nasdaq listing requirements, while ordinary shareholders remain unaffected. However, the stock is rated as 'Underperform' by TipRanks' AI Analyst due to weak financial health despite revenue growth. The current market cap is $10.05M.
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