SOLAI stock slumps 12% on revised Chaince Digital deal

SOLAI stock plunged over 12% after Chaince Digital Holdings revised its take-private offer to $3.162 per American Depositary Share (ADS). While the net asset value (NAV) adjustment rose to 170%, the deal imposes a price cap of $3.20. This follows a March offer for the crypto infrastructure firm, formerly known as BIT Mining.