Business Context and Reporting Period
Xiao-I Corp, a foreign private issuer headquartered in Shanghai, China, filed this Form 6-K on August 7, 2026. The report addresses a regulatory notification received on August 6, 2026, regarding the company's listing status on The Nasdaq Global Market under the symbol "AIXI."
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on regulatory compliance regarding share valuation.
Material Changes and Regulatory Status
- Non-Compliance Notification: The company received notice from Nasdaq that it failed to meet the Minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15,000,000 under Listing Rule 5450(b)(3)(C).
- Valuation Period: The non-compliance was determined based on the closing bid price of American Depositary Shares (ADSs) over 30 consecutive business days from June 23, 2026, through August 4, 2026.
- Current Trading Status: The notice has no immediate effect; ADSs continue to be listed and traded on Nasdaq.
Outlook, Risks, and Management Commentary
- Compliance Period: The company has been granted 180 calendar days, until February 1, 2027, to regain compliance.
- Regain Criteria: To comply, the MVPHS must close at or above $15,000,000 for a minimum of ten consecutive business days during the compliance period.
- Delisting Risk: Failure to regain compliance by the deadline may result in written notification of delisting. The company retains the right to appeal such a determination to a hearings panel.
- Management Stance: Management intends to actively monitor MVPHS and evaluate options to regain compliance but explicitly states there is no assurance that compliance will be achieved within the prescribed period.
Investor Verification Checklist
- Verify the current market capitalization and public float of Xiao-I Corp to assess the gap to the $15,000,000 MVPHS threshold.
- Monitor daily closing bid prices of ADSs to track progress toward the 10-day consecutive compliance requirement.
- Review subsequent filings for any announced capital actions (e.g., reverse stock splits) intended to address the market value deficiency.
- Confirm the company's status regarding other Nasdaq continued listing requirements, as failure in other areas could compound delisting risks.