What is the share and ADS pricing for SOLAI’s NEURALAND deal (SLAI)?

The Company Exchange Shares were valued at US$0.0079 per Class A share. According to SOLAI, this corresponds to US$0.79 per ADS, based on an ADS ratio of 100 Class A ordinary shares for each American Depositary Share.

SOLAI Completes Acquisition of 51% Stake in NEURALAND

SOLAI (NYSE: SLAI) completed the acquisition of a 51% stake in NEURALAND, a Singapore company focused on personal AI node design and manufacturing.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

SOLAI (NYSE: SLAI) completed the acquisition of a 51% stake in NEURALAND, a Singapore company focused on personal AI node design and manufacturing.

SOLAI issued 1,162,025,300 new Class A shares at US$0.0079 per share (US$0.79 per ADS), for total consideration of about US$9.18 million, to AIPICO Global.

Positive

Completion of majority acquisition of 51% of NEURALAND
Total consideration of approximately US$9.18 million defined in all-share deal
1,162,025,300 Class A shares issued at US$0.0079 per share (US$0.79 per ADS)

Negative

Issuance of 1,162,025,300 new shares may dilute existing shareholder ownership percentages
Company Exchange Shares are not registered under the Securities Act of 1933

Argus Jun 2 session

-11.06% close to close Open Argus

Details

News Market Reaction – SLAI

On Jun 2, the day this news came out, SLAI closed 11.06% below the previous close.

Data tracked by StockTitan Argus for the Jun 2 session.

Market Context

On Jun 2, the day this news came out, the stock closed 11.1% below the previous close. A negative re...

Analysis

On Jun 2, the day this news came out, the stock closed 11.1% below the previous close. A negative reaction despite completion of the NEURALAND acquisition would fit a market focus on dilution and existing listing risks rather than strategic narrative. The deal adds a 51% stake in personal AI hardware for about US$9.18M, funded via 1.16B new shares, while the stock already trades well below its US$2.80 52-week high and US$1.09 200-day MA.

Key Figures

Equity stake acquired: 51% Share consideration: 1,162,025,300 shares Par value: US$0.00005 per share +4 more

Equity stake acquired: 51%; Ownership of NEURALAND’s issued and outstanding shares
Share consideration: 1,162,025,300 shares; Newly issued Class A ordinary shares for NEURALAND acquisition
Par value: US$0.00005 per share; Par value of newly issued Class A ordinary shares
Implied share price: US$0.0079 per share; Valuation used for Company Exchange Shares
Implied ADS price: US$0.79 per ADS; Based on 100 ordinary shares per ADS
ADS ratio: 100:1; One ADS represents 100 Class A ordinary shares
Deal value: US$9.18 million; Total consideration for 51% of NEURALAND

Previous Acquisition Reports

1 past event · Latest: Jun 01

Same Type 1 event

Jun 01
Acquisition agreement

24h Move

+5.1%

Announced share-exchange deal to acquire 51% of NEURALAND for US$9.18M.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

american depositary share, regulation s, par value

3 terms

regulation s regulatory

"offshore transactions in reliance on Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

par value financial

"Class A ordinary shares, par value US$0.00005 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/02/2026 - 06:30 AM

AKRON, Ohio, June 2, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that it has completed its previously announced acquisition of a 51% equity stake in NEURALAND PTE. LTD. ("NEURALAND"), a Singapore-incorporated company specializing in the design and manufacture of personal AI nodes. To complete the acquisition, the Company has issued an aggregate of 1,162,025,300 newly issued Class A ordinary shares, par value US$0.00005 per share, of the Company (the "Company Exchange Shares"), valued at US$0.0079 per share, corresponding to US$0.79 per American Depositary Share ("ADS") (based on the current ADS ratio of one hundred (100) Class A ordinary shares per ADS), representing a total consideration of approximately US$9.18 million to AIPICO Global Limited (the "Selling Shareholder"); and the Selling Shareholder has transferred 51% of NEURALAND's issued and outstanding shares to the Company.

Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Company Exchange Shares, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

The Company Exchange Shares have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and were issued only to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

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.

About NEURALAND PTE. LTD.

NEURALAND PTE. LTD. is a Singapore-incorporated company specializing in the design and manufacture of personal AI nodes, encompassing both proprietary hardware and software solutions. Founded by a group with deep roots in blockchain hardware and semiconductor innovation, NEURALAND is built on a track record of solving complex, large-scale technical challenges and brings proven large-scale deployment expertise to the emerging personal AI computing market.

Forward-Looking Statements

This news 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. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. 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. 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 law.

For further 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-completes-acquisition-of-51-stake-in-neuraland-302788308.html

SOURCE SOLAI Limited

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SOLAI (NYSE: SLAI) announce about the NEURALAND acquisition on June 2, 2026?

SOLAI announced it completed acquiring a 51% equity stake in NEURALAND. According to SOLAI, the Singapore-based company specializes in designing and manufacturing personal AI nodes, expanding SOLAI’s presence in technology-driven personal AI and digital infrastructure markets.

How much did SOLAI pay for the 51% stake in NEURALAND (SLAI)?

SOLAI valued the 51% NEURALAND stake at approximately US$9.18 million. According to SOLAI, the purchase price was entirely paid in newly issued Class A ordinary shares, avoiding a cash outlay while setting a defined equity-based transaction value.

How many new SOLAI (SLAI) shares were issued for the NEURALAND acquisition?

SOLAI issued 1,162,025,300 new Class A ordinary shares to acquire 51% of NEURALAND. According to SOLAI, these Company Exchange Shares were priced at US$0.0079 per share, equivalent to US$0.79 per American Depositary Share based on the current ADS ratio.

Were the SOLAI (SLAI) exchange shares for the NEURALAND acquisition registered under the Securities Act?

No, the Company Exchange Shares were not registered under the Securities Act of 1933. According to SOLAI, they were issued only to certain non-U.S. persons in offshore transactions relying on Regulation S and applicable state securities law exemptions.

Who received the new SOLAI shares issued for acquiring NEURALAND (SLAI)?

AIPICO Global, the selling shareholder of NEURALAND, received the newly issued SOLAI shares. According to SOLAI, AIPICO Global transferred 51% of NEURALAND’s issued and outstanding shares to SOLAI in exchange for the Company Exchange Shares.

SOLAI Completes Acquisition of 51% Stake in NEURALAND