NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Xiao-I Corporation (NASDAQ: AIXI): (i) American depository shares (“ADSs”) pursuant and/or traceable to the Offering Documents issued in connection with the Company's initial public offering conducted on or about March 9, 2023 (the "IPO" or "Offering"); and/or (ii) securities between March 9, 2023 and July 12, 2024, both dates inclusive (the “Class Period”), of the important December 16 ...

SAN DIEGO, Nov. 20, 2024 /PRNewswire/ -- Robbins LLP reminds shareholders that a class action was filed on behalf of all investors and entities that purchased or otherwise acquired Xiao-I Corporation (NASDAQ: AIXI) ADSs pursuant and/or traceable to the Company's initial public offering ("IPO") on March 9, 2023, or between March 9, 2023 and July 12, 2024. Xiao-I conducts business through its subsidiary Shanghai Xiao-I Robot Technology Co., Ltd., which comprises the Company's AI business. For more information ...

NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI). Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/xiao-i-corporation-loss-submission-form/?id=112590&from=3 CLASS PERIOD: March 9 ...

Core Viewpoint - Xiao-I Corporation has announced a strategic partnership with Deafopia to enhance the market visibility and distribution of its AI hardware designed for the deaf and hard-of-hearing communities [1][4]. Group 1: Partnership Details - The collaboration will allow Deafopia to promote Xiao-I's AI hardware at trade shows, community events, and through digital platforms, aiming to increase awareness and access to these products [2][3]. - This partnership is expected to improve the quality of life for individuals with hearing impairments by providing advanced technological solutions [2][4]. Group 2: Product Focus - The AI hardware developed by Xiao-I is specifically tailored to assist individuals with hearing impairments, enhancing accessibility and communication in various environments [3][4]. - The partnership with Deafopia will leverage its extensive network to reach key markets, particularly deaf schools and government facilities, ensuring broader access to the innovative technology [3][4]. Group 3: Company Background - Xiao-I Corporation is a leading cognitive intelligence enterprise in China, specializing in a wide range of AI solutions including natural language processing, voice and image recognition, and machine learning [5]. - Since its establishment in 2001, the company has developed a comprehensive portfolio of cognitive intelligence technologies applicable to various business scenarios [5].

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Xiao-I Corporation ("Xiao-I Corporation" or the "Company") (NASDAQ: AIXI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xiao-I Corporation investors who were adversely affected by alleged securities fraud between March 9, 2023 and July 12, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/xiao-i- ...

NEW YORK, Nov. 14, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI).Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/xiao-i-corporation-loss-submission-form/?id=111750&from=4 CLASS PERIOD: March 9, 2023 ...

Core Viewpoint - Xiao-I Corporation is facing a federal securities class action lawsuit due to alleged failures in disclosing financial risks and compliance issues, leading to significant financial losses and a decline in stock price since its IPO in March 2023 [1][6]. Financial Performance - For the first half of 2023, Xiao-I reported a net loss of $18.8 million, a significant decline from a net income of $0.6 million in the same period of 2022, with total operating expenses increasing by 355% year-over-year to $34.1 million [2]. - The company experienced a 708% year-over-year increase in R&D expenses, primarily due to rising professional service fees related to big data model development and AI investments [3]. - For the full year 2023, Xiao-I's revenues were $59.2 million, missing consensus estimates by $30.08 million, and reported a net loss of $27 million compared to a net loss of $6 million in 2022 [4]. Stock Performance - Following the financial results announcements, Xiao-I's ADS price declined significantly, closing at $1.81 on September 25, 2023, and further dropping to $1.65 on October 20, 2023, and $1.22 on April 30, 2024 [2][3][4]. - On July 15, 2024, the company received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement, as its ADS price had been below $1.00 for 30 consecutive business days, resulting in a further decline to $0.67 [5]. Legal Issues - The lawsuit alleges that Xiao-I downplayed the risks associated with its Chinese shareholders' non-compliance, failed to adhere to GAAP in financial reporting, and overstated its AI capabilities and R&D resources, which contributed to its financial struggles [6].

NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Xiao-I Corporation ("Xiao-I Corporation" or the "Company") (NASDAQ: AIXI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xiao-I Corporation investors who were adversely affected by alleged securities fraud between March 9, 2023 and July 12, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/xiao-i-corpor ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation (NASDAQ: AIXI).Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/xiao-i-corporation-loss-submission-form/?id=111175&from=4CLASS PERIOD: March 9, 2023 t ...

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Xiao-I Corporation ("Xiao-I Corporation" or the "Company") (NASDAQ: AIXI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xiao-I Corporation investors who were adversely affected by alleged securities fraud between March 9, 2023 and July 12, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/xiao-i- ...