SOLAI stock price rises after delisting notice from NYSE

Investing.com – SOLAI Limited (NYSE:SLAI) stock rose 3.8% in after-hours trading on Friday after the cryptocurrency infrastructure company disclosed receiving a notification from the New York Stock Exchange regarding its non-compliance with listing standards.

The company announced on January 29, 2026, that the NYSE had notified it that it no longer met the continued listing standards because, as of January 28, 2026, its American Depositary Shares (ADS) had a closing price below $1.00 for 30 consecutive trading days.

SOLAI has six months from the date of the notification to regain compliance with the minimum share price requirement. If, during the remedial period, the closing price of the company’s ADS on any calendar month’s last trading day reaches at least $1.00 and maintains an average closing price of at least $1.00 over the 30 consecutive trading days ending on that last trading day, it can regain compliance.

This notification does not have an immediate effect on the listing of the company’s ADSs; they will continue trading on the NYSE but must meet other listing standards. SOLAI stated that it currently complies with all other NYSE continued listing standards.

The company also announced a board change, with Qian Sun resigning as an independent director for personal reasons, effective immediately. Zhan Chen has been appointed as an independent director and will serve on the Audit Committee, Nominating and Corporate Governance Committee, and Strategy Committee.

Zhan Chen brings entrepreneurial and executive leadership experience in consumer, technology, and fintech sectors. He is the founder and CEO of Open Mouth Food Inc. and served as CEO of Boba Labs Inc. from 2022 to 2024.

Chairman and COO Bo Yu thanked Qian Sun for his service since 2013 and welcomed Zhan Chen to the board.

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