🔴 XIAO-I is trading 10.5% down in after-hours trading after $4.33 million convertible-note financing

XIAO-I is trading 10.5% down at $0.72 in after-hours trading after announcing a $4.33 million convertible promissory note on August 26, 2026.

• The planned 1-for-7 reverse ADS split is expected around September 8, 2026, and may raise dilution concerns.
• Nasdaq cited a $15 million market-value deficiency, adding listing-compliance pressure; company-specific developments better explain the decline than sector conditions, as software stocks rose after hours.
• Volume and activity data were unavailable.