SOLAI Ltd (SLAI) delists American Depositary Shares from NYSE under Section 12(b)
Rhea-AI Filing Summary
SOLAI Ltd is being removed from listing and registration on the New York Stock Exchange for its American Depositary Shares, each representing 700 Class A Ordinary Shares. The exchange certifies it has complied with its own rules under Section 12(b) and 17 CFR 240.12d2-2 for this delisting, and the issuer has complied with applicable exchange and SEC requirements for voluntary withdrawal.
Positive
- None.
Negative
- SOLAI Ltd ADSs delisted from NYSE, as Form 25 removes the American Depositary Shares from listing and registration under Section 12(b) of the Exchange Act.
Key Figures
Commission File Number: 001-36206
ADS to Ordinary Share Ratio: 700 Class A Ordinary Shares per ADS
Form 25 Expiration Reference: March 31, 2018
3 metrics
Commission File Number
001-36206
Exchange Act registration file number for SOLAI Ltd
ADS to Ordinary Share Ratio
700 Class A Ordinary Shares per ADS
Each American Depositary Share represents 700 Class A Ordinary Shares
Form 25 Expiration Reference
March 31, 2018
Header shows an expiration date of March 31, 2018
Key Terms
Form 25, American Depositary Shares, Section 12(b), 17 CFR 240.12d2-2, +1 more
5 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) regulatory
"REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 25 filing mean for SOLAI Ltd (SLAI)?
The Form 25 filing removes SOLAI Ltd’s American Depositary Shares from listing and registration on the New York Stock Exchange under Section 12(b) of the Exchange Act.
Which SOLAI Ltd (SLAI) securities are affected by this Form 25?
The filing covers American Depositary Shares of SOLAI Ltd, with each ADS representing 700 Class A Ordinary Shares, which are being removed from NYSE listing and registration.
Is SOLAI Ltd (SLAI) voluntarily withdrawing its NYSE listing?
The document states that the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c), which governs voluntary withdrawal of a class of securities from listing and registration.
What regulatory basis is cited for SOLAI Ltd’s (SLAI) delisting?
The delisting references Section 12(b) of the Exchange Act and SEC rules 17 CFR 240.12d2-2(b) and 12d2-2(c), covering exchange-initiated and voluntary removal from listing and registration.
Who filed the Form 25 for SOLAI Ltd (SLAI) and in what capacity?
The New York Stock Exchange LLC filed the Form 25, signed by Anthony Sozzi, identified as an Analyst, Market Watch, on behalf of the exchange.