Xiao-I sells 8,503,369 shares in $3.25 million private placement

• Xiao-I entered securities purchase agreement April 29, 2026 for private placement financing with institutional investor.
• Initial closing issued unsecured convertible promissory note with original principal amount USD 3.25 million.
• Transaction also included issuance of 8,503,369 ordinary shares as pre-delivery shares.
• Original issue discount of USD 240,000, plus transaction expenses, set purchase price for note at USD 3 million.
• Agreement allows up to two additional unsecured convertible promissory notes, each with original principal amount USD 270,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xiao-I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-050343), on April 30, 2026, and is solely responsible for the information contained therein.