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.
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