Solana Treasury Firm SOLAI Consolidates Shares, Expands Authorized Capacity by 1,823 Times

Solana treasury firm SOLAI Limited has undergone significant share consolidation after a vote by investors. The company's shareholders approved a capital reset that reduces the number of authorized Class A ordinary shares from a staggering 70 trillion to just 100 billion post-consolidation units.

As part of this consolidation, every 700 ordinary shares were merged into one. This move has left SOLAI with a much more manageable share structure and a significant increase in authorized capacity.

The company's authorized shares are now roughly 1,823 times larger than before the consolidation. The exact use for this expanded capacity remains unclear, but it suggests that SOLAI may be planning for future growth or development opportunities.