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SAI.TECH Announces the Rebranding to SAIHEAT with Brand Upgrade
SINGAPORE, Sept. 10, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAI, SAITW), announces
About this update from Saiheat Limited
[{"type":"text","content":"SINGAPORE, Sept. 10, 2024 (GLOBE NEWSWIRE) -- SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAI, SAITW), announces its rebranding to SAIHEAT following the approval of the proposal at its recent annual general meeting. As part of this rebranding, the Company has changed its legal name from SAI.TECH Global Corporation to SAIHEAT Limited, effective on August 13, 2024. In connection with the name change, the Company will also change its trading symbol for its Class A Ordinary Shares from \"SAI\" to \"SAIH\". The Company's warrants will continue to trade under the trading symbol \"SAITW\". SAIHEAT's Class A Ordinary Shares will commence trading on the Nasdaq Capital Market under the new name and trading symbol at the market open on September 11, 2024. No action by the Company's shareholders is required with respect to the name and trading symbol change. The CUSIP number for the Company's Class A Ordinary Shares will remain unchanged. This strategic rebranding represents a significant shift for the Company, highlighting its expanded focus and commitment to driving innovation in sustainable computing and heat recycling. With the new brand, SAIHEAT aims to meet the rising demand for sustainable computing, especially for artificial intelligence. SAIHEAT is focused on energy-efficient infrastructures, leveraging advanced liquid-cooling and heat recycling to enhance data center performance and sustainability. This approach establishes SAIHEAT as a pioneer in merging technology with cutting-edge computing solutions. The rebranding to SAIHEAT introduces several key upgrades to the Company’s brand and operations: New Name and Trading Symbol: The transition to SAIHEAT and the new trading symbol \"SAIH\" reflect the Company’s refined vision and strategy. This change aligns with the Company’s broader commitment to addressing the growing needs of the sustainable computing market.New Website with New Visuals: SAIHEAT is launching a redesigned website and visual identity that reflects its dedication to sustainability and industry leadership. The new domain and design embody SAIHEAT’s advanced approach to sustainable computing with heat recycling solutions and nuclear power session.Expansion into New Business Lines: SAIHEAT is broadening its business scope to include advanced computing services and heat re...