SOLAI Limited Announces Results of Extraordinary General Meeting

SOLAI Limited (NYSE: SLAI) announced results of its extraordinary general meeting held on December 29, 2025.

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

Argus Dec 31 session

-8.72% close to close 2.9x rel. volume Open Argus

Details

News Market Reaction – SLAI

On Dec 31, the first trading day after this news, SLAI closed 8.72% below the previous close. That session’s volume was 2.9x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Dec 31 session.

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

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

Historical Context

4 past events · Latest: Nov 21

4 events

1. Nov 21

   Q3 2025 earnings

   24h Move

   +0.0%

   Unaudited Q3 2025 results with lower operating loss and modest revenue decline.

2. Nov 19

   Earnings date notice

   24h Move

   -7.3%

   Announcement of upcoming Q3 2025 results release date after U.S. market close.

3. Nov 12

   EGM & prefs issuance

   24h Move

   -2.8%

   EGM call and Class A II preference share issuance concentrating voting control.

4. Oct 21

   Strategic alliance news

   24h Move

   -9.6%

   Joining RWA Alliance as founding member to advance tokenization of green assets.

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

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. How Rhea-AI works. Not financial advice.

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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

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

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.