XIAO-I CORPORATION Announces Closing of $3,260,870 Senior Convertible Notes Offering
XIAO-I Corporation (AIXI)
Company Research
Source: PR Newswire
SHANGHAI, June 17, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ: AIXI) announced today the closing of its previously disclosed Senior Convertible Notes Offering (the "Notes") with an institutional investor (the "Investor") to purchase an aggregate principal amount of $3,260,869.57 Notes with an 8% Original Issue Discount, convertible into the Company's ordinary shares ("Conversion Shares") in the form of American Depositary Shares ("Conversion ADSs"), and its concurrently offering of an additional 1,000,002 ADS (the "Pre-Delivery ADSs"), at par, representing 333,334 of its ordinary shares (the "Pre-Delivery Shares"), to the Investor, for gross proceeds of $2,994,945. Each ADS represents one third of an ordinary share. After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $2,496,945. The Company intends to use the net proceeds for working capital and genera
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AIXI
News
- Leading Government Agency Partners with Xiao-I Corporation to Enhance Customer Service with AI ChatbotPR Newswire
- ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Xiao-I Corporation Investors to Inquire About Securities Class Action Investigation – AIXIGlobeNewswire
- Xiao-I Corporation Secures Major Contract for AI-Powered Solutions in Insurance SectorPR Newswire
- Xiao-I Corporation Announcement: If You Have Suffered Losses in Xiao-I Corporation (NASDAQ: AIXI), You Are Encouraged To Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Xiao-I Corporation Investors to Inquire About Securities Class Action Investigation - AIXIPR Newswire
AIXI
Sec Filings
- 6/18/24 - Form 6-K
- 6/17/24 - Form 424B5
- 6/17/24 - Form 6-K
- AIXI's page on the SEC website