SOLAI Completes Acquisition of Majority Stake in Neuraland; Shares Down Pre-Bell

MT Newswires Live

06/02

SOLAI (SLAI) said Tuesday it has completed its acquisition of a 51% stake in Singapore-based Neuraland PTE.

The company said it would fund the deal by issuing about 1.16 billion new class A shares, valued at roughly $9.2 million, to the selling shareholder, AIPICO Global.

Shares of the company declined over 5% in Tuesday's premarket activity.

Price: 0.74, Change: -0.04, Percent Change: -5.40

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