Solai Issues 1.16B Shares for 51% Neuraland Acquisition Valued at $9.18M
SLAI•SOLAI has completed its acquisition of a 51% equity stake in Singapore-based NEURALAND by issuing 1,162,025,300 Class A shares valued at $0.0079 each, totaling approximately $9.18 million. These newly issued shares dilute existing equity as the company secures majority control of NEURALAND's personal AI node manufacturing platform.
1. Acquisition of 51% Stake in Neuraland
SOLAI has acquired a 51% equity position in NEURALAND PTE. LTD., transferring majority ownership from AIPICO Global Limited to SOLAI. The transaction grants control over NEURALAND’s design and manufacturing operations for personal AI nodes.
2. Details of Share Issuance
To fund the acquisition, SOLAI issued 1,162,025,300 newly issued Class A ordinary shares at a par value of $0.00005 and price of $0.0079 per share, equivalent to $0.79 per ADS at the 100:1 ratio. The total consideration amounted to approximately $9.18 million.
3. Strategic Rationale and Impact
The deal bolsters SOLAI’s infrastructure footprint in personal AI computing by integrating NEURALAND’s hardware and software expertise. Majority control positions SOLAI to accelerate large-scale deployment of personal AI nodes and expand its digital infrastructure offerings globally.
