On August 26, 2026, Xiao-I Corporation entered into a Securities Purchase Agreement with an institutional investor to issue and sell an unsecured convertible promissory note. The Note has an original principal amount of $4,330,000 but was issued with an original issue discount of $320,000 and $10,000 in transaction expenses, resulting in a net purchase price of $4,000,000. The closing occurred on or about August 26, 2026. Xiao-I Corporation operates in the artificial intelligence industry, providing AI-powered customer service solutions.
