XIAO-I is trading 4.00% down now at $0.48 after continued selling pressure following the August 26, 2026, convertible-note financing. - The company issued an unsecured note with $4.33 million principal and $4 million purchase proceeds, creating potential dilution as investors convert. - The SEC confirmed the financing terms, with multiple reports directly linking the ongoing decline to the transaction. - While broader markets are also weaker, the company-specific financing appears to be the primary catalyst.