SAIHEAT
Closed (deSPAC)Profile in progress
- What it is
- A private company preparing to list via a SPAC merger. Full profile in progress.
- What it’s doing now
- Merging with TradeUP Global Corp (TUGC) — closed (despac).
- What you should know
- The deal carries a $18M minimum-cash condition — heavy redemptions can break it.
What the company says about itself
Web research — not auditedSAIHEAT (NASDAQ: SAIH) is a global distributed computing power operator. By leveraging a modular computing power system, it helps energy owners address local energy consumption and efficient resource utilization. Through proprietary inference optimization technologies, it delivers high-quality, low-latency, and secure inference services, empowering users to deploy models into real-world applications faster in the AI era. Formerly known as SAI.TECH Global Corporation, SAIHEAT became a publicly traded company on the Nasdaq Stock Market through a merger with TradeUP Global Corporation in May 2022.
- Markets:
- distributed computing power | energy | AI inference services | liquid cooling technology | data centers
- Products:
- TOKEN - Token-Based Access to High-Performance Open Models | ATOMIC - Integrated Platform for core design capabilities in NPP and SMRs
[WEB-INTEL 2026-08-26] 5 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "SAIHEAT proposes an all-stock acquisition of Canopy Wave valued at US$60M, plus a US$4.5M PIPE at US$18.15 per share" [https://www.stocktitan.net/sec-filings/SAIH/6-k-saiheat-ltd-current-report-foreign-issuer-5fa8ff9382c4.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The merger sets a pre‑money equity valuation of US$60.0 million for Canopy Wave and US$40.0 million for SAIHEAT, with the consideration implying a US$18.15 per‑share purchase price" [https://www.stocktitan.net/sec-filings/SAIH/6-k-saiheat-ltd-current-report-foreign-issuer-5fa8ff9382c4.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "SAIHEAT entered a PIPE Share Purchase Agreement to sell 247,970 Class A shares to PIPE investors for aggregate proceeds of approximately US$4.5 million, at a price of US$18.15 per share" [https://www.stocktitan.net/sec-filings/SAIH/6-k-saiheat-ltd-current-report-foreign-issuer-5fa8ff9382c4.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The extraordinary general meeting is scheduled for 26 August 2026" [https://www.stocktitan.net/sec-filings/SAIH/6-k-saiheat-ltd-current-report-foreign-issuer-5fa8ff9382c4.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Shareholders of record as of the close of business on 12 August 2026 are entitled to receive notice and vote at the meeting" [https://www.stocktitan.net/sec-filings/SAIH/6-k-saiheat-ltd-current-report-foreign-issuer-5fa8ff9382c4.html]
Source: https://www.saiheat.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
SAIHEAT is merging with TradeUP Global Corp (TUGC) currently marked Closed (deSPAC).
| Headline equity value | — |
| Minimum cash to close | $18M |
Structure per SEC accession(s) 0001213900-21-054063. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Common questions
Is SAIHEAT going public?
SAIHEAT has an approved merger with the SPAC TradeUP Global Corp (TUGC). Deal status: Closed (deSPAC).
Does SAIHEAT have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.