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Stock impact report

SAI.TECH Announces the Rebranding to SAIHEAT with Brand Upgrade

SAI.TECH Global Corporation - Class A Ordinary Shares (SAI) 
US:NYSE Investor Relations: investors.saic.com
Company Research Source: GlobeNewswire
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 Show less Read more
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