Xiao-I Intends To Adopt 1-For-7 Reverse Stock Split For Its American Depositary Shares, Effective Sept. 8
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
Xiao-I is combining seven shares into one share on September 8th. This is just a math change that makes each share worth more on paper—it doesn't change what the company is actually worth, so watch if the company's real business is getting better or worse.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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