Solana treasury company SOLAI Limited (formerly BIT Mining) secured shareholder approval for a 700-for-1 share consolidation, setting its Class A authorized share ceiling at 100 billion. The New York Stock Exchange suspended trading in the company’s American depositary shares on July 16 after its market cap fell below the $15 million minimum threshold. SOLAI now trades on the OTC Pink market under the ticker SLAIY. The company has not disclosed any specific use for the massive authorized share capacity, and its total issued shares remain unclear.
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