SOLAI Limited (NYSE: SLAI) gets NYSE delisting notice over market cap
Rhea-AI Filing Summary
SOLAI Limited reports that the New York Stock Exchange staff has determined to commence proceedings to delist its American Depositary Shares, each representing 700 Class A ordinary shares. Trading in the ADSs was suspended on the NYSE on July 16, 2026.
The action is based on SOLAI falling below the NYSE continued listing standard under Section 802.01B, which requires an average global market capitalization of at least US$15,000,000 over 30 consecutive trading days. SOLAI may seek a review of this determination. The company expects its ADSs or underlying shares to be quoted on an appropriate tier of the OTC Markets, where liquidity may be lower than on the NYSE. Management states that business operations and U.S. SEC reporting obligations continue unchanged.
Positive
- None.
Negative
- NYSE delisting proceedings and trading suspension – NYSE Regulation has moved to delist SOLAI’s ADSs under Section 802.01B after the company failed to meet the US$15,000,000 average global market cap requirement over 30 trading days, and NYSE trading was suspended on July 16, 2026.
Key Figures
Market cap listing threshold: US$15,000,000
ADS to ordinary share ratio: 1 ADS = 700 Class A ordinary shares
Trading suspension date: July 16, 2026
+1 more
4 metrics
Market cap listing threshold
US$15,000,000
Average global market capitalization required over 30 consecutive trading days under NYSE Section 802.01B
ADS to ordinary share ratio
1 ADS = 700 Class A ordinary shares
Each SOLAI American Depositary Share represents 700 Class A ordinary shares
Trading suspension date
July 16, 2026
Date trading in SOLAI’s ADSs was suspended on the NYSE
Trading day period
30 trading days
Period over which average global market capitalization is measured for the NYSE standard
Key Terms
American Depositary Shares, average global market capitalization, Section 802.01B, OTC Markets, +1 more
5 terms
average global market capitalization financial
"to maintain an average global market capitalization over a consecutive 30 trading day period"
The average global market capitalization is the mean size of publicly traded companies when you add up each company’s market value (share price times shares outstanding) across countries and divide by the number of companies measured. Think of it like the average weight of fruit in a worldwide basket: it gives investors a quick sense of whether the market is dominated by a few very large companies or by many smaller ones, which affects portfolio risk, diversification and how sensitive markets may be to moves by big firms.
Section 802.01B regulatory
"pursuant to Section 802.01B of the NYSE’s Listed Company Manual"
OTC Markets financial
"expects that the ADSs or the underlying Class A ordinary shares will be eligible to be quoted on an appropriate tier of the OTC Markets"
Over-the-counter (OTC) markets are trading venues where buyers and sellers deal directly through dealers or electronic networks instead of on a formal exchange; think of a neighborhood flea market versus a supermarket. They matter to investors because OTC-listed stocks often represent smaller or international companies with fewer reporting requirements, which can mean lower liquidity, wider price swings and higher risk but sometimes earlier access to growth opportunities.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of Section 21E"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SOLAI Limited (SLAI) announce regarding its NYSE listing?
SOLAI Limited disclosed it received a written notice on July 16, 2026 that NYSE Regulation has decided to commence proceedings to delist its American Depositary Shares, with trading on the NYSE suspended the same day due to not meeting continued listing standards.
Why is SOLAI Limited (SLAI) facing delisting from the NYSE?
SOLAI is facing delisting because it fell below the NYSE’s continued listing standard requiring an average global market capitalization of at least US$15,000,000 over a consecutive 30 trading day period, as set out in Section 802.01B of the NYSE Listed Company Manual.
Can SOLAI Limited (SLAI) appeal the NYSE delisting determination?
SOLAI has the right to request a review of NYSE Regulation’s delisting determination by a Committee of the NYSE Board of Directors. The NYSE will apply to the SEC to delist the ADSs after completing all procedures, including any appeal SOLAI chooses to pursue.
How will the NYSE delisting impact SOLAI Limited’s (SLAI) operations and reporting?
SOLAI states its business operations continue as usual, and the transition to OTC quotation will not affect its U.S. SEC reporting obligations. Management indicates it remains focused on executing strategic priorities while maintaining communication with shareholders.