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 offer or agreement being executed. This uncertainty may contribute to the stock’s decline as investors weigh the implications of the potential acquisition.

Cash and Cryptocurrency Assets

As of Sept. 30, 2025, the company had cash and cash equivalents of $3.8 million, compared with cash and equivalents of $1.8 million as of Dec. 31, 2024.

As of Sept. 30, 2025, the company had cryptocurrency assets of $12.3 million in aggregate. This comprised of 14.6 Bitcoin (CRYPTO: BTC), 133 Ethereum (CRYPTO: ETH), 0.3 million Dogecoin (CRYPTO: DOGE) and various other cryptocurrency assets.

These were mainly generated from its cryptocurrency mining business, and 0.4 million Tether (CRYPTO: USDT) and 0.04 million Solana (CRYPTO: SOL).

The broader market experienced gains on the previous trading day, with the S&P 500 rising by 0.56% and the Technology sector gaining 0.65%. SLAI’s decline came as the broader market moved higher, suggesting that company-specific factors may be influencing the stock’s performance.

Technical Analysis

Currently, the stock is trading 13.1% above its 20-day simple moving average (SMA) and 5% above its 50-day SMA, indicating some short-term strength.

However, shares have decreased by 45.60% over the past 12 months. The RSI is at 60.52, which is considered neutral territory, while the MACD is at -0.0053, with the signal line at -0.0271, indicating bullish momentum as the MACD is above the signal line. The combination of neutral RSI and bullish MACD suggests mixed momentum.

• Key Resistance: $1
• Key Support: 63 cents

SOLAI is a technology-driven cryptocurrency infrastructure company. It is expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins and payment infrastructure, and Solana treasury and staking operations supporting use cases across institutional settlement, commerce, consumer payments and AI-native agent transactions.

The company is leveraging its blockchain and data infrastructure expertise, aiming to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems. This strategic direction is particularly relevant in light of the recent acquisition proposal, as it reflects the company’s ongoing evolution and potential future value.

Earnings & Analyst Outlook

The countdown is on: SOLAI is set to report earnings on March 24, 2026 (estimated).

• EPS Estimate: Loss of 5 cents (Up from Loss of 16 cents)
• Revenue Estimate: $7.20 million (Down from $8.79 million)

SLAI Price Action

SLAI Stock Price Activity: Solai shares were down 5.06% at 94 cents at publication on Friday, according to Benzinga Pro data.

Photo: Aree S via Shutterstock