🔴 XIAO-I is trading 23.07% down today after variable-price convertible note financing raised dilution concerns

XIAO-I is trading 23.07% down now at $0.62 after announcing a $4.33 million unsecured convertible note financing on August 26, 2026.

• The note converts at a variable market-based price, potentially increasing dilution as the ADS price falls.
• A planned one-for-seven reverse ADS split is expected around September 8, 2026.
• The financing news was reported as the catalyst for premarket weakness.