SOLAI Limited Announces Results of Extraordinary General Meeting

Rhea-AI Summary

SOLAI Limited (OTC Pink: SLAIY)/b) announced that shareholders approved several capital structure changes at an extraordinary general meeting held on August 14, 2026. Resolutions included increasing authorised share capital to approximately , mainly through creating about 69.96 trillion additional Class A ordinary shares and small increases in preference and Class B shares.

Shareholders also approved a 700‑for‑1 share consolidation of all authorised shares, raising par value from US$0.00005 to US$0.035 per share. Post‑consolidation, authorised capital will comprise 100,000,000,000 Class A ordinary shares, 93 Class A preference shares, 93 Class A II preference shares and 571,429 Class B ordinary shares. Fractional Class A and preference shares will be rounded up, fractional Class B shares rounded down, resulting in cancellation of all issued Class B ordinary shares as of the consolidation’s effective date.

SOLAI, formerly BIT Mining, positions itself as a technology‑driven personal AI and digital infrastructure provider. Its American depositary shares, each currently representing 700 Class A ordinary shares, trade on the Pink Limited Market under the symbol SLAIY.

Positive

• Shareholders approved 700-for-1 consolidation of all authorised share classes
• Fractional Class A and preference shares to be rounded up to whole shares
• All issued Class B Ordinary Shares to be cancelled on consolidation effective date

Negative

• Authorised share capital expanded to about US$3.5 billion and 70 trillion Class A shares pre-consolidation
• Fractional Class B Ordinary Shares rounded down, reducing Class B holdings

Market Context

The prior ADS ratio-change event was followed by -8.35% in 24 hours, while recent insider data showe...

Analysis

The prior ADS ratio-change event was followed by -8.35% in 24 hours, while recent insider data showed Net Buying by Law Man San. Those platform signals frame the announcement; low short positioning remains a risk factor to monitor.

Key Figures

EGM date: August 14, 2026 Authorized share capital before: US$1,940,000 Authorized share capital after: US$3,500,020,006.525 +5 more

8 metrics

EGM date August 14, 2026 Extraordinary general meeting

Authorized share capital before US$1,940,000 Before the approved increase

Authorized share capital after US$3,500,020,006.525 After the approved increase

New Class A shares created 69,961,600,130,000 shares Approved increase in authorized capital

Share consolidation 700-for-1 Approved consolidation of authorized shares

Post-consolidation Class A shares 100,000,000,000 shares Authorized Class A ordinary shares after consolidation

Post-consolidation nominal value US$0.035 per share Following the Share Consolidation

ADS representation 700 Class A ordinary shares per ADS Current ADS structure

Historical Context

5 past events · Latest: Jun 18 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 18	ADS ratio change	Negative	-8.3%	ADS ratio changed from 100 to 700 underlying Class A shares
Jun 02	Acquisition completion	Positive	-11.1%	Completed acquisition of a 51% NEURALAND stake through share issuance
Jun 01	Acquisition agreement	Positive	+5.1%	Agreed to acquire 51% of NEURALAND through a share exchange
May 26	Q1 earnings report	Positive	-2.8%	Revenue increased while operating and net losses narrowed year over year
May 26	Listing standards notice	Negative	-2.8%	NYSE cited market capitalization and equity deficiencies

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

Pattern Detected

Recent news reactions were negative in four of five events, including the prior ADS ratio-change announcement and acquisition completion.

Key Terms

authorised share capital, share consolidation, american depositary shares, nominal value

4 terms

authorised share capital financial

"increase the authorised share capital of the Company from US$1,940,000"

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.

share consolidation financial

"the "Share Consolidation""

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

american depositary shares financial

"SOLAI's American depositary shares, each of which currently represents"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

nominal value financial

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

Nominal value is the stated or face amount assigned to a financial instrument — for shares it’s the par value printed on the stock certificate, and for money or returns it can mean the number not adjusted for inflation. Think of it like a price tag on an item versus its buying power: the tag tells you the label, but not how much you can actually buy. Investors care because nominal values affect accounting, legal capital, dividend calculations and comparisons over time when inflation may distort real worth.

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

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AKRON, Ohio, Aug. 17, 2026 /PRNewswire/ -- SOLAI Limited (OTC Pink: SLAIY) ("SOLAI" or the "Company") (previously known as "BIT Mining Limited"), a technology-driven personal AI and digital infrastructure provider, today announced the results of its extraordinary general meeting of shareholders (the "EGM") held on August 14, 2026.

At the EGM, the shareholders of the Company passed resolutions to (i) increase the authorised share capital of the Company from 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, to US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 69,961,600,130,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each; (ii) consolidate every 700 of the Company's authorised shares (whether issued or unissued) of a nominal or par value of US$0.00005 each into 1 share of a nominal or par value of US$0.035 each (the "Share Consolidation"), such that following the Share Consolidation, the authorised share capital of the Company shall be changed from US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each to US$3,500,020,006.525 divided into 100,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.035 each, 93 Class A Preference Shares of a nominal or par value of US$0.035 each, 93 Class A II Preference Shares of a nominal or par value of US$0.035 each and 571,429 Class B Ordinary Shares of a nominal or par value of US$0.035 each; and (iii) have no fractional shares issued in connection with the Share Consolidation and have all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares (after aggregating all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares that would otherwise be received by a shareholder) resulting from the Share Consolidation rounded up to the nearest whole number of shares, and all fractional Class B Ordinary Shares resulting from the Share Consolidation rounded down, resulting in the cancellation of all of the issued Class B Ordinary Shares of the Company as of the effective date of the Share Consolidation.

About SOLAI Limited

SOLAI Limited (previously known as "BIT Mining Limited") (OTC Pink: SLAIY) 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. SOLAI's American depositary shares, each of which currently represents seven hundred (700) Class A ordinary shares, trade on the Pink Limited Market under the symbol "SLAIY".

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. 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-limited-announces-results-of-extraordinary-general-meeting-302852749.html

SOURCE SOLAI Limited

FAQ

What did SOLAI Limited (OTC Pink: SLAIY, symbol SLAI) shareholders approve at the August 14, 2026 EGM?

Shareholders approved a major increase in authorised share capital and a 700-for-1 share consolidation. According to SOLAI, this affects all authorised Class A, Class A preference, Class A II preference and Class B ordinary shares, along with specific rounding rules for fractional shares.

How does the 700-for-1 share consolidation affect SOLAI (SLAI/SLAIY) authorised shares?

Every 700 authorised shares of US$0.00005 par value will be consolidated into one share of US$0.035. According to SOLAI, post-consolidation authorised capital will be 100,000,000,000 Class A ordinary shares and 571,429 Class B ordinary shares, plus reduced preference share counts.

How will fractional shares be treated in SOLAI Limited’s (SLAI) 700-for-1 share consolidation?

No fractional shares will be issued. According to SOLAI, fractional Class A ordinary, Class A preference and Class A II preference shares will be aggregated and rounded up to the nearest whole share, while fractional Class B ordinary shares will be rounded down and effectively cancelled.

What happens to SOLAI Limited’s Class B Ordinary Shares after the share consolidation?

All fractional Class B Ordinary Shares will be rounded down, cancelling them. According to SOLAI, this treatment will result in the cancellation of all issued Class B Ordinary Shares of the company as of the effective date of the 700-for-1 share consolidation.

What is SOLAI Limited’s authorised share capital before and after the 2026 EGM changes?

Authorised capital was US$1,940,000, mainly 38,399,870,000 Class A ordinary shares at US$0.00005 par. According to SOLAI, this rises to US$3,500,020,006.525, ultimately represented by 100,000,000,000 Class A ordinary shares at US$0.035 par after the 700-for-1 consolidation.

How are SOLAI Limited’s ADSs (SLAIY) structured in relation to Class A ordinary shares?

Each American depositary share currently represents 700 Class A ordinary shares of SOLAI. According to SOLAI, these ADSs trade on the Pink Limited Market under the symbol SLAIY, reflecting the company’s Class A equity interest in depositary form.