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…

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