SOLAI Announces Agreement to Acquire 51% Stake in NEURALAND

SOLAI Limited (NYSE: SLAI), a technology-driven provider of personal AI and digital infrastructure, has announced a definitive Share Exchange Agreement to acquire a 51% equity stake in NEURALAND PTE. LTD., a Singapore-based company specializing in AI node hardware and software. The transaction, valued at approximately $9.18 million, is set to close on or about June 2, 2026, pending customary closing conditions.

The acquisition marks a pivotal shift for SOLAI, which is transitioning from its historical focus on digital asset mining to a more diversified, AI-centric technology platform. By acquiring NEURALAND, SOLAI aims to enhance its capabilities in AI hardware and software development, leveraging NEURALAND's expertise in consumer AI hardware, semiconductors, and blockchain infrastructure. This strategic move aligns with SOLAI's objective of building a comprehensive personal AI ecosystem, integrating advanced technologies to meet the growing demand for AI-driven solutions.

NEURALAND brings a robust team of engineers and technology veterans, including Chief Technology Officer Tan Shuai, who has a notable background in developing blockchain hardware and software systems. The company's strengths in AI agent orchestration, large language model integration, and privacy-preserving deployment are expected to complement SOLAI's existing high-performance computing infrastructure. This synergy is anticipated to accelerate SOLAI's roadmap toward delivering innovative personal AI solutions to consumers.

The deal structure involves the transfer of 51% of NEURALAND's issued and outstanding shares in exchange for 1,162,025,300 newly issued Class A ordinary shares of SOLAI. The share price was determined based on a thirty-day average of SOLAI's American Depositary Shares, reflecting a calculated and strategic valuation approach. Additionally, the shares received by the selling shareholder will be subject to a lock-up period, ensuring stability during the integration phase.

This acquisition is indicative of broader trends in the technology sector, particularly the increasing convergence of AI and blockchain technologies. As companies seek to capitalize on the burgeoning demand for personal AI computing, strategic partnerships and acquisitions like this one are likely to become more common. The integration of NEURALAND's capabilities into SOLAI's operations could position the company favorably within the competitive landscape, potentially driving growth and innovation in the personal AI market.