🔴 XIAO-I is trading 10.34% down today after Nasdaq deficiency notice

XIAO-I is trading 10.34% down at $0.50 after an August 20 Nasdaq deficiency notice and planned one-for-seven reverse ADS split.

• Nasdaq said publicly held shares remained below the $15 million threshold for 30 consecutive business days; the company has until February 1, 2027, to regain compliance.
• The ADS ratio change is expected around September 8, 2026, consolidating every seven ADSs into one while leaving underlying ordinary shares unchanged.
• Broader markets are higher, so company-specific concerns appear to dominate.