Xiao-I Corp Announces Plan To Implement ADS Ratio Change From The Current ADS Ratio Of 1 ADS To 1/3 Of An Ordinary Share To A New ADS Ratio Of One ADS To 3 Ordinary Shares, Effective On Or About August 23, 2024
Portfolio Pulse from Benzinga Newsdesk
Xiao-I Corporation (NASDAQ:AIXI) announced a change in its ADS ratio from 1 ADS to 1/3 of an ordinary share to 1 ADS to 3 ordinary shares, effective around August 23, 2024. This change will have the same effect as a one-for-nine reverse ADS split.
August 05, 2024 | 1:59 pm
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Xiao-I Corporation (NASDAQ:AIXI) is changing its ADS ratio from 1 ADS to 1/3 of an ordinary share to 1 ADS to 3 ordinary shares, effective around August 23, 2024. This change is equivalent to a one-for-nine reverse ADS split.
The change in ADS ratio is a significant corporate action that will affect the stock price. However, the impact on the stock price in the short term is uncertain as it depends on market perception and investor reaction to the reverse split.
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