NASDAQ: AIXI

Xiao-I Corporation

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Xiao-I Corporation (NASDAQ: AIXI) resulting from allegations that Xiao-I may have issued materially misleading business information to the investing public.

If you purchased Xiao-I securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Xiao-I Corporation securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On August 10, 2023, Xiao-I Corporation filed with the U.S. Securities and Exchange Commission its amended annual report on Form 10-K/A for the year ended December 31, 2022. In the amended annual report, Xiao-I disclosed that “should there be any changes to PRC laws and regulations or internal control policies of Bank of Ningbo in the future, [Zhizhen Artificial Technology (Shanghai) Company Limited, a Company subsidiary] then may be restricted from transferring funds from overseas to its capital account with Bank of Ningbo as a result.”

On this news, Xiao-I American Depositary Shares’ (“ADSs”) fell $0.93 per ADS, or 11.6%, to close at $7.11 per ADS on August 11, 2023.

Follow us on:
Company Name: Xiao-I Corporation
Stock Symbol: AIXI
Class Period: N/A
Court: N/A

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top