Xiao-I Corporation Investors: Company Investigated by the Portnoy Law Firm

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Xiao-I Corporation for possible securities fraud following a significant drop in the price of its American depositary shares (ADSs) since its IPO [1][2]. Group 1: Company Overview - Xiao-I Corporation launched its initial public offering (IPO) on March 8, 2023, selling 5.7 million ADSs at a price of $6.80 each [2]. - The price of Xiao-I's ADSs has significantly decreased since the IPO, resulting in financial losses for investors [2]. Group 2: Legal Actions - The Portnoy Law Firm is considering filing a class action lawsuit on behalf of investors who have suffered losses due to the alleged corporate wrongdoing [1]. - Investors are encouraged to contact the law firm for a complimentary case evaluation and to discuss their legal rights regarding potential claims [1].