Xiao-I Corporation entered into a Securities Purchase Agreement on June 29, 2026, with an institutional investor to issue a $2,170,000 unsecured convertible promissory note and 325,000 ADSs as pre-delivery shares. The note includes an original issue discount of $160,000 and $10,000 in transaction expenses, resulting in a net purchase price of $2,000,000. Closing is expected around June 30, 2026. The company operates in the technology sector, focusing on artificial intelligence.
