SLAI is now an OTC stock with severely impaired liquidity. Traders should expect a large gap-down when trading resumes on OTC Markets. The appeal process is the only near-term catalyst, but the market cap deficiency is structural — a reversal is unlikely. Avoid holding through the transition.
Price Chart
Executive Summary
SOLAI Limited (SLAI) received a delisting notice from the NYSE on July 16, 2026, because its average global market capitalization fell below the $15 million minimum over 30 consecutive trading days. Trading was suspended immediately, and the company expects to move to OTC Markets, which will likely offer less liquidity. This is a severe negative event that effectively ends the stock's listing on a major exchange.
Key Facts
- NYSE commenced delisting proceedings for SLAI ADSs on July 16, 2026, under Section 802.01B of the Listed Company Manual.
- Reason: average global market cap fell below $15 million over 30 consecutive trading days.
- Trading in SLAI ADSs was suspended on the NYSE as of July 16, 2026.
- Company expects ADSs or underlying Class A ordinary shares to be quoted on OTC Markets, which may provide less liquidity.
- Company has the right to appeal the NYSE's determination to a Committee of the Board of Directors.
Financial Impact
Delisting from NYSE to OTC Markets — market cap below $15M threshold; liquidity and valuation likely to deteriorate significantly.
Risk Factors
- Appeal may be denied, finalizing delisting.
- OTC Markets may provide minimal liquidity, making it difficult to exit positions.
- Further deterioration in business fundamentals could push the stock to near-zero value.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-085225 |
| Document: tm2620962d1_6k.htm | 0001104659-26-085225 |
| Document: 0001104659-26-085225-index-headers.html | 0001104659-26-085225 |
| Document: 0001104659-26-085225-index.html | 0001104659-26-085225 |
| Document: 0001104659-26-085225.txt | 0001104659-26-085225 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | — | awaiting T+20 | — | — |
Jul 24, 2026 13w ago | 6-K | — | awaiting T+20 | — | — |
Jul 21, 2026 13w ago | 6-K | $3.56 | awaiting T+20 | — | — |
Jul 21, 2026 13w ago | Press Release | $3.56 | awaiting T+20 | — | — |
Jun 18, 2026 18w ago | 6-K | $0.4393 $3.72 | ▲ +746.80% | ▲ +746.27% | — |
Jun 2, 2026 20w ago | 6-K | $0.7000 $0.4667 | ▲ +33.33% | ▲ +31.76% | — |
May 26, 2026 21w ago | 6-K | $0.7500 $0.4570 | ▼ −39.07% | ▼ −37.17% | — |
May 13, 2026 23w ago | 6-K | $0.8000 $0.4800 | ▼ −40.00% | ▼ −39.39% | — |
Apr 21, 2026 26w ago | 6-K | $6.02 $5.39 | ▼ −10.47% | ▼ −14.68% | — |
US Market Status
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