Lead Plaintiff Appointed to Represent Investors in Xiao-I Corporation Class Action
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Court: S.D. New York
Case: 1:24-cv-07837
Lead Plaintiff has been appointed to represent investors in the class action against Xiao-I Corporation.
In March 2023, Xiao-I Corporation conducted its IPO, offering 5.7 million shares at $6.80 per share.
On September 25, 2023, Xiao-I disclosed unaudited financial results, revealing overstated AI capabilities and hidden high R&D costs.
These revelations led to 
AIXI plummeting by over 50% from its IPO price.
Then, on October 15, 2024, shareholders filed a claim against Xiao-I Corporation.
We’re keeping track of all updates and will notify AIXI investors about potential recovery.