SOLAI Announces Plan to Implement ADS Ratio Change
SOLAI (NYSE:SLAI) plans an ADS ratio change from 1 ADS representing 100 Class A ordinary shares to 1 ADS representing 700 shares, effective on or about July 6, 2026.
Rhea-AI Summary
SOLAI (NYSE:SLAI) plans an ADS ratio change from 1 ADS representing 100 Class A ordinary shares to 1 ADS representing 700 shares, effective on or about July 6, 2026. For ADS holders, this functions like a one-for-seven reverse share split with no change to underlying Class A shares.
Positive
- ADS ratio changes from 1:100 to 1:700 Class A ordinary shares
- ADS trading price is expected to increase proportionally after the ratio change
- Underlying Class A ordinary shares will not be issued or cancelled in the change
Negative
- No fractional new ADSs will be issued in the ADS ratio change
- Company gives no assurance post-change ADS price will equal seven times prior price
Details
News Market Reaction – SLAI
On Jun 18, the day this news came out, SLAI closed 8.35% below the previous close.
Data tracked by StockTitan Argus for the Jun 18 session.
Key Figures
- Current ADS ratio
- 1 ADS : 100 Class A shares
- Existing ADS Ratio before announced change
- New ADS ratio
- 1 ADS : 700 Class A shares
- Planned ADS Ratio after change
- Par value
- US$0.00005 per share
- Class A ordinary share par value
- Effective date
- on or about July 6, 2026
- Expected effectiveness of ADS Ratio Change
- Reverse split equivalence
- one-for-seven
- ADS Ratio Change effect for ADS holders
- Price multiple reference
- 7x prior ADS price
- Company notes proportional price expectation post-change
Historical Context
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Closed 51% NEURALAND stake via new Class A share issuance.
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Agreed to acquire 51% of NEURALAND through share exchange.
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Reported higher revenue with narrower but still significant net loss.
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Received NYSE deficiency notice on market cap and equity standards.
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Announced timing for release of Q1 2026 financial results.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ads ratio financial
par value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
For SOLAI's ADS holders, the ADS Ratio Change will have the same effect as a one-for-seven reverse share split. SOLAI's ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol "SLAI".
No fractional new ADSs will be issued in connection with the ADS Ratio Change. The ADS Ratio Change will have no impact on SOLAI's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
As a result of the ADS Ratio Change, SOLAI's ADS trading price is expected to increase proportionally; however, there can be no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than seven (7) times the ADS trading price before the change.
About SOLAI Limited
SOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Statements that are not historical facts are forward-looking statements. Such statements are based upon management's current beliefs and expectations, as well as current market and operating conditions. Forward-looking statements involve inherent risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. A number of factors could cause actual results, performance or achievements to differ materially from those contained in any forward-looking statement, including but not limited to: the Company's ADS trading price, and whether it will increase after the ADS Ratio Change; and assumptions underlying or related to the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For more information:
SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com
Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/solai-announces-plan-to-implement-ads-ratio-change-302804069.html
SOURCE SOLAI Limited
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