SOLAI Announces Receipt of Preliminary Non-Binding Going-Private Proposal
SOLAI Limited American Depositary Shares (each representing one hundred (100) Class A Ordinary Shares) (SLAI)
Company Research
Source: PR Newswire
AKRON, Ohio, March 12, 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 its Board of Directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal") from Chaince Digital Holdings Inc., to acquire all of the issued and outstanding Class A ordinary shares and Class B ordinary shares of the Company ("Ordinary Shares"), including Ordinary Shares represented by American depositary shares (the "ADS", each representing 100 Class A ordinary shares), for a proposed purchase price of US$0.03069 per Ordinary Share, or US$3.069 per ADS, in cash in a going-private transaction (the "Proposed Transaction"), subject to certain conditions.The proposed purchase price represents 110% of the Company's net asset value (NAV) per Ordinary Share as of September 30, 2025 (the reference date used in the Proposal), which was US$2.79
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