🔴 XIAO-I is trading 5% down in pre-market after one-for-seven reverse ADS split

XIAO-I is trading at $3.13 (-5.16%) in pre-market after its one-for-seven reverse ADS split became effective September 8, 2026.

• The ADS ratio changed from one ADS representing 60 ordinary shares to one representing 420 shares.
• Every seven existing ADSs were automatically exchanged for one new ADS; the ticker remained unchanged.
• Broader markets were mixed, offering no clear market-wide explanation.