SOLAI Limited Announces Results of Extraordinary General Meeting

Rhea-AI Summary

SOLAI Limited (NYSE: SLAI) announced results of its extraordinary general meeting held on December 29, 2025. Shareholders approved an increase in the company's authorised share capital to US$1,940,000. The new authorised capital is divided into 38,399,870,000 Class A ordinary shares (par value US$0.00005), 65,000 Class A preference shares (par value US$0.00005), 65,000 Class A II preference shares (par value US$0.00005), and 400,000,000 Class B ordinary shares (par value US$0.00005).

The increase was effected by creation of 30,000,000,000 new Class A ordinary shares.

Positive

• Authorised capital raised to US$1,940,000
• Creation of 30,000,000,000 Class A shares adds corporate flexibility

Negative

• Authorised share base increased by 30,000,000,000 Class A shares
• Increase may enable future issuance that could dilute existing holders

News Market Reaction

-8.11% 2.9x vol

5 alerts

-8.11% News Effect

-10.8% Trough in 30 hr 36 min

-$1M Valuation Impact

$15M Market Cap

2.9x Rel. Volume

On the day this news was published, SLAI declined 8.11%, reflecting a notable negative market reaction. Argus tracked a trough of -10.8% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $15M at that time. Trading volume was elevated at 2.9x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Authorised share capital: US$1,940,000 Class A Ordinary Shares: 38,399,870,000 shares Class A Preference Shares: 65,000 shares +4 more

7 metrics

Authorised share capital US$1,940,000 Post-EGM authorised share capital level

Class A Ordinary Shares 38,399,870,000 shares Total authorised Class A Ordinary Shares after EGM

Class A Preference Shares 65,000 shares Authorised Class A Preference Shares

Class A II Preference Shares 65,000 shares Authorised Class A II Preference Shares

Class B Ordinary Shares 400,000,000 shares Authorised Class B Ordinary Shares

New Class A Ordinary Shares created 30,000,000,000 shares Incremental Class A Ordinary Shares approved at EGM

Par value per share US$0.00005 Nominal or par value for each share class

Market Reality Check

Price: $0.9800 Vol: Volume 195,524 vs 20-day ...

high vol

$0.9800 Last Close

Volume Volume 195,524 vs 20-day average 115,544 (relative volume 1.69) indicates elevated trading interest ahead of the EGM outcome. high

Technical Shares traded below the 200-day MA, with price at 0.7351 versus 200-day MA of 1.62 before this news.

Peers on Argus

No peer stocks or sector data were flagged in the momentum scanner, suggesting t...

No peer stocks or sector data were flagged in the momentum scanner, suggesting the move was stock-specific rather than part of a broader sector trend.

Historical Context

4 past events · Latest: Nov 21 (Neutral)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Nov 21	Q3 2025 earnings	Neutral	+0.0%	Unaudited Q3 2025 results with lower operating loss and modest revenue decline.
Nov 19	Earnings date notice	Neutral	-7.3%	Announcement of upcoming Q3 2025 results release date after U.S. market close.
Nov 12	EGM & prefs issuance	Negative	-2.8%	EGM call and Class A II preference share issuance concentrating voting control.
Oct 21	Strategic alliance news	Positive	-9.6%	Joining RWA Alliance as founding member to advance tokenization of green assets.

Pattern Detected

Recent history shows negative or flat reactions even to operational or strategic updates, suggesting a cautious market stance toward the name.

Recent Company History

Over the last few months, SOLAI reported Q3 2025 results on November 21, 2025 with revenue of US$4.4M and a narrowed operating loss of US$2.7M, but the stock was unchanged. An earlier notice on November 12, 2025 detailed an EGM and issuance of 65,000 Class A II preference shares that concentrated voting power to ~94.0%, and a strategic RWA Alliance membership was announced on October 21, 2025. Despite these milestones, price reactions were often negative, framing today’s authorized capital increase within a context of shareholder sensitivity to governance and dilution.

Market Pulse Summary

The stock moved -8.1% in the session following this news. A negative reaction despite the formal sha...

Analysis

The stock moved -8.1% in the session following this news. A negative reaction despite the formal shareholder approval would have fit a pattern where the market treated governance and capital structure moves cautiously. The substantial increase in authorized share capital and creation of additional ordinary shares may have heightened dilution concerns. Past news around control concentration and strategic initiatives often coincided with weak price performance, so investors could have focused on potential future issuance rather than operational upside.

Key Terms

authorised share capital, par value, preference shares, ordinary shares

4 terms

authorised share capital financial

"passed the resolution increasing the authorised share capital of the Company"

The maximum number of shares a company is legally allowed to create under its founding documents. Think of it like the size of an empty container: it sets the upper limit on how many ownership pieces the company can hand out, which matters to investors because it controls how easily a company can raise cash, dilute existing owners, or change voting power without a formal legal change.

par value financial

"of a nominal or par value of US$0.00005 each"

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.

preference shares financial

"Class A Preference Shares of a nominal or par value of US$0.00005 each"

Preference shares are a type of company stock that pays owners a fixed or regularly prioritized payout, similar to receiving steady interest from a savings account, while still representing ownership. They usually get paid dividends before regular (common) shareholders and have priority if the company distributes assets, but often carry limited voting rights and less upside if the company’s value soars. Investors care because preference shares trade off growth potential for steadier income and greater safety in payouts.

ordinary shares financial

"Class A Ordinary Shares of a nominal or par value of US$0.00005 each"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

AI-generated analysis. Not financial advice.

AKRON, Ohio, Dec. 30, 2025 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the results of its extraordinary general meeting of shareholders (the "EGM") held on December 29, 2025.

At the EGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$1,940,000 divided into 38,399,870,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,000 Class A II Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 30,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About SOLAI Limited

SOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM"), is a technology-driven cryptocurrency infrastructure company expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins and payment infrastructure, and Solana treasury and staking operations — supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. By leveraging its blockchain and data infrastructure expertise, SOLAI aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: solai@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-results-of-extraordinary-general-meeting-302650579.html

SOURCE SOLAI Limited

FAQ

What did SOLAI (SLAI) shareholders approve at the December 29, 2025 EGM?

Shareholders approved increasing authorised share capital to US$1,940,000 and creating 30,000,000,000 Class A ordinary shares.

How many new Class A ordinary shares were created for SOLAI (SLAI)?

30,000,000,000 Class A ordinary shares were created.

What is the new authorised capital structure for SOLAI (SLAI)?

Authorised capital is US$1,940,000 divided into specified Class A, Class A preference, Class A II preference, and Class B shares.

What is the par value of SOLAI (SLAI) shares after the EGM?

Each listed class carries a nominal par value of US$0.00005 per share where stated.

When was SOLAI previously trading under a different ticker and what was it?

The company previously traded under the ticker BTCM before trading as SLAI.