🔴 XIAO-I is trading 5.6% down in pre-market after $4.33 million convertible-note disclosure

XIAO-I is trading 5.6% down in pre-market at $0.56 after the August 26 disclosure of a $4.33 million unsecured convertible note, purchased for $4 million after discounts and expenses, raising continued dilution concerns.

• Shares fell 26.67% on August 27 and 38.58% on August 26.
• No newer company-specific announcement was identified for August 28; broader markets were largely mixed.