# EDGAR Filing Document

**Accession Number:** 0001935172
**File Stem:** 0000000000-23-002068
**Filing Date:** 2023-3
**Character Count:** 7973
**Document Hash:** b9a890612aab4dc7be1b6c93df46d41e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002068.hdr.sgml**: 20230405

**ACCESSION NUMBER**: 0000000000-23-002068

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230301

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Xiao-I Corp
- **CENTRAL INDEX KEY:** 0001935172
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 7TH FLOOR, BUILDING 398
- **STREET 2:** NO. 1555 WEST JINSHAJIANG RD.
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201803
- **BUSINESS PHONE:** (86) 021-39512112

**MAIL ADDRESS:**
- **STREET 1:** 7TH FLOOR, BUILDING 398
- **STREET 2:** NO. 1555 WEST JINSHAJIANG RD.
- **CITY:** SHANGHAI
- **STATE:** F4
- **ZIP:** 201803
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-22-038285

## Text-Extract

```

United States securities and exchange commission logo

                             March 1, 2023

       Chao Xu
       General Counsel
       Xiao-I Corporation
       7th floor, Building 398, No. 1555 West
       Jinshajiang Rd
       Shanghai, China 201803

                                                        Re: Xiao-I Corporation
                                                            Amendment No. 1 to
Registration Statement on Form F-1
                                                            Filed February 13,
2023
                                                            File No. 333-268889

       Dear Chao Xu:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Amendment No. 1 to Registration Statement on Form F-1 filed on February
13, 2023

       The Offering, page 35

   1.                                                   The approximately $46.8
million of net proceeds from this offering you disclose appears
                                                        to be the gross
proceeds from the offering at the midpoint. Please revise your disclosures
                                                        here and on page 84 to
disclose the estimated net proceeds from the offering, after
                                                        deducting underwriting
discounts and commissions and the estimated offering expenses
                                                        payable by the company.
Additionally, revise your cover page disclosures to disclose the
                                                        calculation of the
proceeds, before expenses, to Xiao-I and quantify the total expected
                                                        offering expenses to be
payable by the company in footnote (2) to the tabular
                                                        presentation.
 Chao Xu
Xiao-I Corporation
March 1, 2023
Page 2
Capitalization, page 86

2.     We note your revised disclosure that the VIE will settle the cash
payment for the
       convertible loans by April 2024. On pages F-28 and F-55 you disclose
that upon
       completion of this offering the settlement of outstanding convertible
loans will be within
       ten working days after listing. Please revise your As Adjusted
presentation to reflect the
       full repayment of the convertible notes or advise. To the extent that
additional borrowings
       are expected to be used to make such repayments please reflect this in
your As Adjusted
       presentation and disclose this in a footnote. Refer to Item 3.B of Form
20-F.
        You may contact Joyce Sweeney, Senior Staff Accountant, at 202-551-3449
or Christine
Dietz, Senior Staff Accountant, at 202-551-3408 if you have questions regarding
comments on
the financial statements and related matters. Please contact Charli
Gibbs-Tabler, Staff Attorney,
at 202-551-6388 or Mitchell Austin, Staff Attorney, at 202-551-3574 with any
other questions.

                                                            Sincerely,
FirstName LastNameChao Xu
                                                            Division of
Corporation Finance
Comapany NameXiao-I Corporation
                                                            Office of
Technology
March 1, 2023 Page 2
cc:       Fred Summer
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

March 1, 2023

Chao Xu  
General Counsel  
Xiao-I Corporation  
7th floor, Building 398, No. 1555 West  
Jinshajiang Rd  
Shanghai, China 201803

# **Re: Xiao-I Corporation**

# **Amendment No. 1 to Registration Statement on Form F-1  
Filed February 13, 2023  
File No. 333-268889**

Dear Chao Xu:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Amendment No. 1 to Registration Statement on Form F-1 filed on February 13, 2023

# The Offering, page 35

1. The approximately $46.8 million of net proceeds from this offering you disclose appears to be the gross proceeds from the offering at the midpoint. Please revise your disclosures here and on page 84 to disclose the estimated net proceeds from the offering, after deducting underwriting discounts and commissions and the estimated offering expenses payable by the company. Additionally, revise your cover page disclosures to disclose the calculation of the proceeds, before expenses, to Xiao-I and quantify the total expected offering expenses to be payable by the company in footnote (2) to the tabular presentation.

Chao Xu
Xiao-I Corporation
March 1, 2023
Page 2

Capitalization, page 86

2. We note your revised disclosure that the VIE will settle the cash payment for the convertible loans by April 2024. On pages F-28 and F-55 you disclose that upon completion of this offering the settlement of outstanding convertible loans will be within ten working days after listing. Please revise your As Adjusted presentation to reflect the full repayment of the convertible notes or advise. To the extent that additional borrowings are expected to be used to make such repayments please reflect this in your As Adjusted presentation and disclose this in a footnote. Refer to Item 3.B of Form 20-F.

You may contact Joyce Sweeney, Senior Staff Accountant, at 202-551-3449 or Christine Dietz, Senior Staff Accountant, at 202-551-3408 if you have questions regarding comments on the financial statements and related matters. Please contact Charli Gibbs-Tabler, Staff Attorney, at 202-551-6388 or Mitchell Austin, Staff Attorney, at 202-551-3574 with any other questions.

Sincerely,

Division of Corporation Finance
Office of Technology

cc: Fred Summer