🔴 XIAO-I is trading 10.03% down today after $4.33 million convertible-note disclosure

XIAO-I is trading at $0.53 (-10.03%) amid continued selling pressure after its August 26, 2026 disclosure of a $4.33 million unsecured convertible note, creating potential future ADS dilution.

• The note was purchased for $4 million after a $320,000 discount and $10,000 in expenses.
• Shares fell 26.67% on August 27 and 38.58% on August 26, while broader software stocks rallied.