🔴 XIAO-I is trading 7% down today after dilution concerns over $4.33 million convertible note

XIAO-I is trading 6.64% down at $0.55 as investors continued reacting to the August 26, 2026 disclosure of a $4.33 million unsecured convertible note.

• Note purchased for $4 million after a $320,000 discount and $10,000 in expenses; convertible into ADSs, raising dilution concerns.
• Declines followed 26.67% on August 27 and 38.58% on August 26.
• Software sector is rallying, but XIAO-I’s decline is company-specific; trading volatile during the August 28 session, with no reliable volume figure.