NYSE Files to Delist SOLAI Ltd American Depositary Shares

What happened

On August 4, 2026, the New York Stock Exchange (NYSE) filed a Form 25 with the U.S. Securities and Exchange Commission to delist the American Depositary Shares of SOLAI Ltd, a finance services company based in Akron, Ohio.

The filing states that each American Depositary Share represents 700 Class A Ordinary Shares of the company. The NYSE cited compliance with exchange rules and the voluntary withdrawal provisions under SEC regulations, indicating the delisting was initiated by the company.

According to the filing, the delisting will become effective ten days after the filing date, which would be August 14, 2026. The company's shares will no longer trade on the NYSE after that date.

The filing

The document is a Form 25, the official notification a stock exchange uses to remove a security from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. This form can be filed by the exchange (as here) or by the company itself.

The NYSE checked the box for rule 17 CFR 240.12d2-2(c), which applies when the issuer (SOLAI) has complied with the exchange's rules and SEC requirements for a voluntary withdrawal of its securities from listing. This indicates the company chose to delist, rather than being forced off by the exchange.

The form was signed by Anthony Sozzi, an NYSE analyst, certifying that the exchange had reasonable grounds to file the notification.

What this means

A Form 25 is the mechanism that ends a company's obligation to file regular reports with the SEC under Section 12(b). Once the delisting is effective, SOLAI's American Depositary Shares will no longer be listed on the NYSE, and the company will no longer have the same reporting duties as a listed company.

American Depositary Shares (ADSs) are a way for non-U.S. companies to have their shares traded on a U.S. exchange. Here, each ADS represents 700 Class A Ordinary Shares of SOLAI, which appears to be a company incorporated outside the U.S. (the filing refers to "Class A Ordinary Shares," common in many foreign jurisdictions).

The filing does not state why SOLAI chose to withdraw its shares from the NYSE. It could be for a variety of reasons, such as a merger, a going-private transaction, or a move to another exchange, but the document provides no explanation.

After the delisting, the company's shares may still trade over-the-counter if a market maker applies to quote them, but this is not guaranteed. The filing does not indicate any future trading venue.