SOLAI Limited buys 51% stake in NEURALAND
Structured as an all-stock deal, the transaction valued a 51% equity stake at about US$9.18 million through newly issued shares.
Takeaways
- NEURALAND is a design and manufacture of personal AI nodes.
- SOLAI is acquiring NEURALAND.
- The target serves personal AI computing across Singapore.
SOLAI Limited completed its majority purchase of NEURALAND, a Singapore-incorporated maker of personal AI nodes serving the personal AI computing market.
NEURALAND designs and manufactures proprietary hardware and software systems, and was founded by a group with roots in blockchain hardware and semiconductor development.
AIPICO Global Limited sold the 51% stake in exchange for 1,162,025,300 newly issued SOLAI Class A ordinary shares valued at roughly US$9.18 million.
The shares were priced at US$0.0079 each, equivalent to US$0.79.
SOLAI Limited, previously known as BIT Mining Limited, is a personal AI and digital infrastructure provider.
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