XIAO-I CORPORATION Announces Closing of $3,260,870 Senior Convertible Notes Offering
AIXIXiao-I (AIXI) Prnewswire·2024-06-18 04:00

SHANGHAI, June 17, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ: AIXI) announced today the closing of its previously disclosed Senior Convertible Notes Offering (the "Notes") with an institutional investor (the "Investor") to purchase an aggregate principal amount of $3,260,869.57 Notes with an 8% Original Issue Discount, convertible into the Company's ordinary shares ("Conversion Shares") in the form of American Depositary Shares ("Conversion ADSs"), and its concurrently offe ...