SOLAI Limited (NYSE:SLAI) shares are down on Friday morning following a preliminary non-binding proposal from Chaince Digital Holdings Inc. to acquire all outstanding shares at a price of $3.069 per ADS.
• SOLAI stock is feeling bearish pressure. What’s behind SLAI decline?
The proposal represents a purchase price that is 110% of the company’s net asset value per ordinary share as of Sept. 30, 2025.
The final purchase price will be adjusted based on the most recent quarter-end net asset value, with a cap not to exceed $3.20 per ADS.
In addition, the board of directors has yet to make any decisions regarding the proposal, indicating that there is no guarantee of a definitive offer or agreement being executed. This uncertainty may contribute to the stock’s decline as investors weigh the implications of the potential acquisition.
Cash and Cryptocurrency Assets
As of Sept. 30, 2025, the company had cash and cash equivalents of $3.8 million, compared with cash and equivalents of $1.8 million as of Dec. 31, 2024.
As of Sept. 30, 2025, the company had cryptocurrency assets of …