LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Xiao-I Corporation (“Xiao-I” or “the Company”) (NASDAQ: AIXI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Xiao-I conducted its initial public offering (“IPO”) on March 8, 2023, selling 5.7 million American depositary shares (“ADSs”) at $6.80 per share. Since the IPO, the Company’s ADS price has fallen sharply, harming investors.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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