{"url_path":"/sec/aixi/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1935172/0001213900-26-057986-index.html","accession_number":"0001213900-26-057986","cik":"0001935172","ticker":"AIXI","issuer_name":"Xiao-I Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1935172/0001213900-26-057986-index.html","primary_entity_key":"0001935172","primary_entity_name":"Xiao-I Corp"},"word_count":369,"has_tables":true,"body_markdown":"Item 14. Material Modifications to the Rights\nof Security Holders and Use of Proceeds.\n\n \n\nEffective\non August 3, 2024, Xiao-I Corporation changed the ratio of its American Depositary Shares (the “ADSs”) to its ordinary\nshares (the “ADS Ratio”), par value US$0.00005 per share, from the prior ADS Ratio of one ADS to one-third of an ordinary\nshare to a new ADS Ratio of one ADS to 3 ordinary shares.\n\n \n\nFor the Company’s ADS holders, the change in the ADS Ratio will\nhave the same effect as a one-for-nine reverse ADS split. On the Effective Date, Holders of uncertificated ADSs in The Depository Trust\nCompany (DTC) will have their ADSs automatically exchanged and need not take any action. The exchange of every nine (9) then-held (existing)\nADSs for one (1) new ADS will occur automatically at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued\nby Citibank, N.A., the depositary bank (the “Depositary”). The Company’s ADSs will continue to be traded on the Nasdaq\nStock Market under the symbol “AIXI.”\n\n \n\nNo fractional new ADSs will be issued in connection with the change\nin the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary and the net cash proceeds\nfrom the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS\nholders by the Depositary. The change in the ADS Ratio will have no impact on the Company’s underlying ordinary shares, and no ordinary\nshares will be issued or cancelled in connection with the change in the ADS Ratio.\n\n \n\nAs a result of the change in the ADS Ratio, the\nADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after\nthe change in the ADS Ratio will be equal to or greater than 9 times the ADS\ntrading price before the change.\n\n \n\nThis matter has previously been disclosed in our current reports on\nForm 6-K filed with the SEC on August 5, 2024 and August 21, 2024, respectively, which is incorporated herein by reference. See “Item\n10. Additional Information” for a description of the rights of securities holders."}