🔴 XIAO-I is trading 10.32% down today after its one-for-seven reverse ADS split

XIAO-I is trading 10.32% down at $2.78 after selling continued following its one-for-seven reverse ADS split, effective September 8, 2026.

• The split changed the ratio from one ADS representing 60 ordinary shares to one representing 420.
• Every seven existing ADSs were exchanged for one new ADS.
• Nasdaq listing-compliance concerns reportedly remain an overhang, while broader markets are higher, making the decline primarily company-specific rather than market-driven.