Why Is SLAI Stock Tumbling Today?

• As per the deal, the price adjustment mechanism was lifted from 110% to 170% of the company's net asset value (NAV) per ordinary share.
• The company said the final purchase price is subject to a price cap and will in no event exceed $3.20 per American Depositary Share (ADS).
• In March, Chaince Digital Holdings offered the first proposal to the company.

Shares of SOLAI (SLAI) slumped more than 12% on Thursday after the company announced it had received a revised take-private proposal from Chaince Digital Holdings Inc. to acquire the company for a purchase price of $3.162 per American Depositary Share (ADS).

The company said that the price adjustment mechanism was lifted from 110% to 170% of the company's net asset value (NAV) per ordinary share.

As per the terms of the deal, the final purchase price is subject to a price cap and will not, in any event, exceed $3.20 per ADS.

The Previous Offer

In March, Chaince Digital Holdings made the first proposal to take the company private at $3.069 per ADS, in cash.

The company said the proposed purchase price represented 110% of its net asset value (NAV) per ordinary share as of Sept. 30, 2025. In this offer too, the final purchase price was subject to a price cap of $3.20 per ADS.

SOLAI is a technology-driven cryptocurrency infrastructure company and has been involved in cryptocurrency mining activities and in setting up other blockchain-related ecosystems.

Previously, the company was known as BIT Mining and traded under the ticker "BTCM," but later changed its name to SOLAI in October 2025. The company was founded in 2021, based in Akron, Ohio.

How did Retail Traders React?

On Stocktwits, retail sentiment surrounding the stock has remained in ‘bearish’ territory amid ‘high’ message volumes.

Shares of SOLAI have risen over 18% this year.

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