Xiao-I Corporation Agrees To Sell $4.33M Unsecured Convertible Note For $4M To Institutional Investor
Benzinga · 16h ago
Share
Listen to the news
On August 26, 2026, Xiao-I Corporation (the "Company") entered into a Securities Purchase Agreement (the "SPA") with an institutional investor, pursuant to which the Company agreed to issue and sell an unsecured convertible promissory note in the original principal amount of $4,330,000 (the "Note"). Pursuant to the SPA, the Note would be issued with an original issue discount of $320,000 and $10,000 of transaction expenses, resulting in a purchase price of $4,000,000 for the Note. The closing of the transactions contemplated by the SPA is expected to occur on or about August 26, 2026, following the satisfaction or waiver of the applicable closing conditions.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2026 Webull. All Rights Reserved