SOLAI Limited receives revised buyout proposal at $3.162 per ADS in potential going-private deal.

SOLAI Limited announced it received a revised non-binding proposal from Chaince Digital Holdings to acquire all its shares at $0.03162 per ordinary share or $3.162 per ADS in cash. The offer price was increased from 110% to 170% of the company's net asset value per share, with a cap of $3.20 per ADS. The company's board has not yet decided on the proposal and will carefully consider it. There is no guarantee the deal will proceed or be approved. SOLAI is a technology-driven AI and digital infrastructure provider transitioning from its blockchain and digital asset mining roots.