SAIH
SAIHEAT Limited9.63
+0.17+1.81%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
18.38MP/E (TTM)
-Basic EPS (TTM)
-3.84Dividend Yield
0%Recent Filings
10-Q
Q1 FY2022 results
TradeUP Global Corporation, a blank check company, reported a net loss of $632,172 for Q1 2022 ended March 31, up sharply from $4,510 in Q1 2021 (derived), driven by $635,836 in formation and operating costs offset by $3,664 in interest from its $44.9M trust account. With no revenue yet, the firm held $60,362 in cash and $288,000 in related-party loans, while maintaining $44.9M in the trust for its business combination. The merger with SAITECH Limited closed in April 2022 for $188M in shares (stock only), renaming the entity SAI.TECH Global Corporation and issuing 9.2M Class A and 9.6M Class B shares at a 0.13376 exchange ratio, with no goodwill or intangibles recognized. Liquidity stays solid post-merger. Yet competition in the SPAC space could delay value creation.
8-K
Shareholders greenlight SAITECH merger
TradeUP Global shareholders approved the business combination with SAITECH on April 22, 2022, with over 73.9% turnout and strong majorities for all proposals, including the merger and articles amendment. The deal, announced in September 2021, positions SAITECH's energy-efficient bitcoin mining tech for Nasdaq listing under SAI and SAIW post-closing, subject to customary conditions. Redemptions hit 2,071,735 shares by morning. Closing looms soon, yet risks like regulatory hurdles persist.
8-K
SEC clears SPAC merger vote
TradeUP Global announced the SEC's effectiveness of its F-4 registration statement on April 1, 2022, paving the way for a shareholder vote on its business combination with SAITECH at the April 22 extraordinary general meeting. Record date holders from March 9 are urged to vote in favor, with closure expected soon after approval, renaming the entity SAI.TECH Global Corporation and listing shares under SAI on Nasdaq. The deal positions SAITECH's energy-efficient bitcoin mining tech for public market growth. Yet risks like shareholder approval loom large.
8-K
SAITECH mining innovations unveiled
TradeUP Global Corporation disclosed an investor presentation on March 30, 2022, highlighting SAITECH's sustainable Bitcoin mining innovations amid their ongoing merger. SAITECH's SAIHUB 3.0 integrates liquid cooling for 85-90% waste heat reuse, slashing energy costs by up to 50% for computing and heating. This positions the combined entity to monetize clean power into digital assets efficiently. Merger risks include shareholder approval delays.
8-K
Merger deadline extended
TradeUP Global Corporation extended its merger agreement deadline with SAITECH Limited to May 31, 2022, via a third amendment signed March 22. This buys time to meet closing conditions amid regulatory and shareholder hurdles. Delays risk disrupting plans. Forward-looking statements highlight uncertainties like approvals and COVID-19 impacts.
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