SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that on July 16, 2026, it received a written notice from the New York Stock Exchange (“NYSE”), indicating that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares of the Company (the “ADSs”), each representing seven hundred Class A ordinary shares of the Company. Trading in the Company’s ADSs was suspended on the NYSE on July 16, 2026.
NYSE Regulation reached its decision to delist the Company’s ADSs pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least US$15,000,000.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the NYSE. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s ADSs upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation’s decision.
“We are carefully evaluating the Company’s available options, including seeking a review of the NYSE’s determination,” said Mr. Man San Vincent Law, Chairman of the Board of the Company. “The Company remains committed to maintaining transparent communication with our shareholders as we evaluate the appropriate next steps. Our business operations continue as usual, and our management team remains focused on executing our strategic priorities.”
The Company 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. To the extent the ADSs or the underlying Class A ordinary shares are quoted on the OTC Markets, the Company expects that such markets may provide less liquidity than the NYSE.
This transition to the OTC Markets will not affect the Company’s business operations or its U.S. Securities and Exchange Commission reporting obligations.
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