SAIHEAT Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $35.0M
- Price
- $19.35
- % Change (Daily % change from the live per-ticker quote feed.)
- -3.30%
- Volume
- 5.2K
About
SAIHEAT is a global operator of distributed computing power infrastructure. Using a modular computing power system, the company helps energy owners tackle challenges around local energy consumption and efficient resource utilization. Leveraging proprietary inference optimization technology, SAIHEAT provides high-quality, low-latency, and secure inference services that help users bring AI models into real-world deployment faster.
Quick stats
Shares outstanding1.8M
Computed float992.7K
Float / shares54.8%
Key info
SectorTechnology
IndustryInformation Technology Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001847075
Websitehttps://www.saiheat.com
AI Summary
AI-generated1/2
majorneutralm and a
SAIHEAT Enters into Definitive Merger Agreement with Canopy Wave to Build a Global AI Inference Platform
SAIHEAT has entered into a definitive merger agreement with Canopy Wave, effectively pivoting the business to a global AI inference platform for open-weight models.
The transaction values Canopy Wave at $60 million pre-money against SAIHEAT's $40 million, resulting in Canopy Wave shareholders holding approximately 54.19% of economic interests and 78.44% of voting power.
The combined company will be renamed Canopy Wave Holdings Inc. and is expected to trade on Nasdaq under the ticker symbol CWAV, subject to shareholder and regulatory approvals.
Red flags
- Control shift: Canopy Wave shareholders to hold ~78% of voting power
- Significant dilution for legacy SAIHEAT shareholders
- Target company Canopy Wave formed in 2024 with limited operating history