
SOLAI Shareholders Approve Major Increase in Authorised Share Capital

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SOLAI Limited (SLAI) shareholders approved a significant increase in the company's authorized share capital to US$1.94 million, allowing for the issuance of approximately 38.4 billion Class A ordinary shares and other classes. This expansion enhances SOLAI's capacity for future financing and strategic investments in blockchain and AI. Currently, SLAI stock holds a Hold rating with a price target of $0.78, while analysts express a Neutral outlook due to negative cash flow and weak profitability, despite a strong balance sheet.
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