ROSEN, TOP-RANKED INVESTOR COUNSEL, Encourages Xiao-I Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - AIXI

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Xiao-I Corporation's American depository shares (ADSs) during the IPO and the subsequent class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - Investors who bought Xiao-I ADSs during the IPO on March 9, 2023, or between March 9, 2023, and July 12, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - The deadline to move the court to serve as lead plaintiff is December 16, 2024 [2] Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [3] - Rosen Law Firm has achieved significant settlements in securities class actions, including the largest settlement against a Chinese company and has consistently ranked highly in securities class action settlements [3] Group 3: Case Allegations - The lawsuit alleges that Xiao-I Corporation made false or misleading statements regarding its financial health and compliance with regulations, including downplaying risks related to its Chinese shareholders and failing to comply with U.S. GAAP [4] - Specific claims include overstating AI capabilities, R&D resources, and the potential negative impact of R&D expenses on financial results, which could lead to non-compliance with NASDAQ listing requirements [4]