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SOLAI (NYSE: SLAI) to implement ADS ratio change equal to 1-for-7 split

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Form Type
6-K

Rhea-AI Filing Summary

SOLAI Limited plans to change the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from one ADS representing 100 shares to one ADS representing 700 shares. The company expects this ADS ratio change to take effect on or about July 6, 2026.

For ADS holders, this will work like a one-for-seven reverse share split of the ADSs. SOLAI’s ADSs will continue trading on the New York Stock Exchange under the symbol SLAI. The change will not affect the underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled.

The company states that, as a result of the ADS ratio change, the ADS trading price is expected to increase proportionally, although there is no assurance it will be equal to or greater than seven times the pre-change ADS price.

Positive

  • None.

Negative

  • None.
Current ADS ratio 1 ADS : 100 Class A shares Existing ADS structure before announced change
New ADS ratio 1 ADS : 700 Class A shares Planned ADS ratio after change
Effective date On or about July 6, 2026 Expected effectiveness of ADS ratio change
Reverse split equivalent 1-for-7 reverse ADS split Effect of ADS ratio change for ADS holders
Par value per share US$0.00005 per share Par value of Class A ordinary shares
American Depositary Shares financial
"change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares"
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.
ADS Ratio financial
"from the current ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares, to a new ADS Ratio of one (1) ADS to seven hundred (700)"
The ads ratio measures the proportion of a company's revenue that comes from advertising activities compared to other sources. It helps investors understand how much of a company's income depends on advertising efforts, similar to how a restaurant's income might rely heavily on dine-in sales versus takeout. A higher ads ratio indicates a greater dependence on advertising-related revenue, which can signal potential risks or opportunities depending on market trends.
reverse share split financial
"For SOLAI’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-seven reverse share split."
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Safe Harbor Statements regulatory
"Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 21E"
Safe harbor statements are forward-looking sentences in corporate communications that describe expectations, plans, goals or projections about the future and note that actual results may differ. They matter to investors because they limit legal liability for companies if outcomes diverge from predictions and signal that the information is a forecast, not a promise—think of them like a weather forecast warning that conditions could change, helping investors weigh risk.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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Form 6-K: How Foreign Companies Report to the SEC →

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER 

PURSUANT TO RULE 13a-16 OR 15d-16 OF 

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-36206

 

SOLAI Limited

 

428 South Seiberling Street 

Akron, Ohio 44306

United States of America 

+1 (346) 204-8537

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x         Form 40-F ¨

 

 

 

 

TABLE OF CONTENTS

 

Exhibit 99.1 Press Release – SOLAI Announces Plan to Implement ADS Ratio Change

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SOLAI LIMITED
     
  By: /s/ Xianfeng Yang
  Name: Xianfeng Yang
  Title: Chief Executive Officer
     
Date: June 18, 2026    

 

 

 

Exhibit 99.1

 

SOLAI Announces Plan to Implement ADS Ratio Change

 

AKRON, Ohio, June 18, 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 plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.00005 per share, from the current ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares, to a new ADS Ratio of one (1) ADS to seven hundred (700) Class A ordinary shares (the “ADS Ratio Change”). The Company anticipates that the ADS Ratio Change will be effective on or about July 6, 2026.

 

For SOLAI’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-seven reverse share split. SOLAI’s ADSs will continue to be traded on the New York Stock Exchange under the ticker symbol “SLAI”.

 

No fractional new ADSs will be issued in connection with the ADS Ratio Change. The ADS Ratio Change will have no impact on SOLAI’s underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.

 

As a result of the ADS Ratio Change, SOLAI’s ADS trading price is expected to increase proportionally; however, there can be no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than seven (7) times the ADS trading price before the change.

 

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.

 

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, including but not limited to: the Company’s ADS trading price, and whether it will increase after the ADS Ratio Change; and assumptions underlying or related to the foregoing. 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

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What ADS ratio change did SOLAI Limited (SLAI) announce?

SOLAI Limited will change its ADS ratio from one ADS representing 100 Class A ordinary shares to one ADS representing 700 Class A ordinary shares. This effectively consolidates existing ADSs without altering the total number of underlying ordinary shares outstanding.

When will SOLAI Limited’s new ADS ratio take effect?

SOLAI Limited expects the new ADS ratio to become effective on or about July 6, 2026. After that date, trading in the company’s ADSs on the New York Stock Exchange will reflect the revised ratio of one ADS to 700 Class A ordinary shares.

How does SOLAI’s ADS ratio change affect existing SLAI ADS holders?

For SOLAI’s ADS holders, the change will have the same effect as a one-for-seven reverse share split of the ADSs. Holders will own fewer ADSs, but each ADS will represent more Class A ordinary shares, leaving their proportional ownership in the company unchanged.

Will SOLAI Limited issue or cancel Class A ordinary shares in this ADS change?

SOLAI Limited will not issue or cancel any Class A ordinary shares in connection with the ADS ratio change. The adjustment only affects how many ordinary shares each ADS represents, leaving the underlying share capital structure the same at the ordinary share level.

What impact could the ADS ratio change have on SOLAI’s ADS trading price?

SOLAI states that, after the ADS ratio change, the ADS trading price is expected to increase proportionally. However, the company cautions there is no assurance the post-change price will equal or exceed seven times the ADS trading price before the change.

Will SOLAI Limited continue trading under the same ticker after the ADS change?

Yes. SOLAI Limited’s ADSs will continue to trade on the New York Stock Exchange under the ticker symbol SLAI. The ADS ratio change does not alter the listing venue or ticker, only the number of Class A ordinary shares represented by each ADS.

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