SOLAI Ltd (SLAI) Form 6-K — Jul 24, 2026
SOLAI Limited announced it will hold an extraordinary general meeting on August 14, 2026, to seek shareholder approval for a massive increase in authorized share capital and a 1-for-700 share consolidation. The proposed consolidation will convert every 700 authorized shares of a par value of $0.00005 into one share with a par value of $0.035. As part of the consolidation, the company proposes to treat fractional shares by rounding them up for Class A and Preference shares, but rounding down for Class B Ordinary Shares. This mechanism will result in the cancellation of all issued Class B Ordinary Shares as of the effective date of the consolidation.
Key figures
- Egm Date
- 2026-08-14
- Record Date
- 2026-07-20
- New Par Value
- $0.035
- Old Par Value
- $0.00005
- Consolidation Ratio
- 700:1
- Current Authorized Capital
- $1,940,000
- New Authorized Class AShares
- 100,000,000,000
- Proposed Authorized Capital
- $3,500,020,006.525
- Pre Consolidation Authorized Class AShares
- 70,000,000,000,000
AI analysis
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