SAI.TECH Global Corporation Warrant - SAITW STOCK NEWS

SAIHEAT (NASDAQ: SAIH, SAITW) has signed a Memorandum of Understanding (MoU) for its HEATNUC products, aiming to enhance product development and marketing in the Middle East nuclear and SMR markets. The MoU, signed with Jiangsu Xuanrui Vibration Damping Equipment Co., , establishes a strategic partnership focusing on hangers and hydraulic dampers for various generations of nuclear power plants.

The collaboration covers joint manufacturing of nuclear and small modular reactor (SMR) equipment, emphasizing competitiveness and market expansion. It also includes knowledge exchange in project management and business practices, as well as joint marketing efforts. HEATNUC and its partners plan to explore international markets through joint ventures, aligning with HEATNUC's goal to strengthen its position in the global nuclear industry.

SAIHEAT (NASDAQ: SAIH, SAITW) has received a notification from Nasdaq on October 2, 2024, regarding non-compliance with the minimum bid price requirement. The company's ordinary shares have closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). SAIHEAT has been granted a 180-day compliance period until March 31, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for a minimum of ten consecutive business days.

If compliance is not achieved by March 31, 2025, the company may be eligible for an additional 180-day period. The notification does not currently affect the listing or trading of SAIHEAT's securities on Nasdaq. The company plans to actively monitor its bid price and evaluate options to regain compliance with the continued listing requirements.

SAIHEAT (NASDAQ: SAIH, SAITW) has announced the signing of two Memorandum of Understanding (MoUs) for its HEATNUC products. These agreements aim to strengthen the company's position in the nuclear and Small Modular Reactor (SMR) markets, particularly in the Middle East and internationally.

The first MoU, with Kinze Nuclear Innovation, establishes a strategic partnership for providing nuclear technology consulting, training, and digitalization services in China. The second MoU, with Jiangsu Jintonglingguang Nuclear Energy Technology, focuses on joint production of nuclear and SMR equipment to enhance competitiveness and localization rates.

These collaborations are expected to facilitate knowledge exchange, improve technical capabilities, and explore opportunities for global expansion through joint venture export enterprises. SAIHEAT aims to solidify its position as a key player in the global nuclear sector through these strategic partnerships.

SAIHEAT (NASDAQ: SAIH, SAITW) has signed two Memorandums of Understanding (MoU) for its HEATNUC business line, aiming to strengthen cooperation within the small modular reactor industry in the Middle East and globally. The first MoU, signed with Jiangsu Shentong Nuclear Equipment Co., , focuses on exporting electrical and instrumentation control system equipment for nuclear power projects. The second MoU, with Shanghai Kaiquan Pump Co., , outlines plans for joint production of nuclear and Small Modular Reactor (SMR) equipment and components in the Middle East.

These partnerships aim to enhance SAIHEAT's competitiveness, promote localization strategies, and explore opportunities for expanding presence in the international market through joint venture export ventures. The collaborations encompass various aspects, including nuclear safety, quality management, and the production of specialized equipment for the nuclear power and energy sectors.

SAIHEAT (formerly SAI.TECH Global ) has announced a significant rebranding initiative, changing its name and Nasdaq trading symbol from 'SAI' to 'SAIH' effective September 11, 2024. This strategic move reflects the company's expanded focus on sustainable computing and heat recycling, particularly in the realm of artificial intelligence.

Key aspects of the rebranding include:

• A new website with updated visuals
• Expansion into advanced computing services and heat recycling solutions
• Introduction of small modular reactors for AI and computing power needs
• New product structure featuring A series (AI servers) and B series (BTC servers)

The rebranding aims to position SAIHEAT as a leader in energy-efficient infrastructures, leveraging advanced liquid-cooling and heat recycling technologies to enhance data center performance and sustainability.

SAI.TECH Global (NASDAQ: SAI, SAITW) has joined the World Nuclear Association (WNA) and will participate in the World Nuclear Symposium 2024 this September. CEO Arthur Lee and Nuclear Energy Strategy Consultant François Morin will present at the event, promoting best practices with HEATNUC Gen. III and Gen. IV small modular reactors.

This membership reflects SAI's commitment to advancing the nuclear industry through collaboration and innovation. As a WNA member, SAI will engage with a global network of industry leaders, experts, and governors dedicated to sustainable nuclear power development. The company aims to support the development of safe, efficient, and sustainable nuclear energy solutions through these engagements.

SAI.TECH Global (NASDAQ: SAI, SAITW) has signed a Memorandum of Understanding (MoU) with Idaho Competitive Aquatics, for the SAI US Idaho Node Project. This initiative will establish the next SAINODE in Idaho, integrating SAI's Advanced Computing Center Ecosystem (ACCE) to enhance heating efficiency in aquatic center operations.

The project aims to recycle computing waste heat to heat the aquatic center, replacing the current natural gas heater. SAI estimates this will reduce CO2 emissions by approximately 96,000 pounds per month and lower the center's heating expenses by more than 40% upon completion.

This partnership marks SAI's first computing heat recycling project for an aquatic center, representing a significant step in sustainable innovation for both the computing and aquatic center industries.

SAI.TECH Global (NASDAQ: SAI, SAITW) announced the results of its annual general meeting held virtually on August 13, 2024. All shareholder proposals were approved, including:

1. Election of Mr. Heung Ming Henry Wong as Class II Director and various committee positions
2. Election of Mr. Haotian Li as Class II Director and committee roles
3. Ratification of Mr. Tianshi Yang as Class III Director and committee positions
4. Approval of the Company's Third Amended and Restated Memorandum and Articles of Association
5. Appointment of Audit Alliance LLP as the independent registered public accounting firm for fiscal year 2024
6. Approval of the company name change to SAIHEAT

SAI.TECH Global (NASDAQ: SAI, SAITW) announced the adjournment of its Annual General Meeting (AGM) originally scheduled for August 6, 2024. The meeting has been postponed to Tuesday, August 13, 2024, at 9:00 a.m. Eastern Standard Time due to a lack of requisite quorum. The AGM will be held virtually at http://www.virtualshareholdermeeting.com/SAI2024.

The record date for the adjourned meeting remains July 19, 2024. Shareholders who have not yet voted are encouraged to do so on the proposals outlined in the Company's Notice of AGM and Form of Proxy dated July 23, 2024. Previously submitted proxies will remain valid unless properly revoked.