XIAO-I CORPORATION Announces Pricing 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 that it has entered into a securities purchase agreement with an institutional investor (the "Investor") to issue and sell an aggregate principal amount of $3,260,870 senior convertible notes (the "Notes") with an 8% Original Issue Discount to the Investor, convertible into the Company's ordinary shares ("Conversion Shares") in the form of American Depositary Shares ("Conversion ADSs") (the "SPA"). Each ADS represents one third of an ordinary share.The Company is also concurrently offering 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. Each holder of Pre-Delivery Shares is not permitted to sell, assign or transfer such Pre-Delivery ADSs except in connection with a conversion of the Note of such holder to facilitate T+1 delivery of Conversion ADSs upon any conversio
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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