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TUGCU - TUGCU STOCK NEWS

Welcome to our dedicated page for TUGCU news (Ticker: TUGCU), a resource for investors and traders seeking the latest updates and insights on TUGCU stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TUGCU's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TUGCU's position in the market.

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TradeUP Global Corporation (TUGC) announced that its shareholders approved the business combination with SAITECH Limited, an energy-saving bitcoin mining operator. The merger is expected to close by the end of April 2022, with the combined company to be renamed SAI.TECH Global Corporation and trade on Nasdaq under the ticker symbols SAI and SAIW. The new entity aims to leverage its expertise in liquid cooling and waste heat recovery to enhance efficiency in the bitcoin mining sector, contributing to a sustainable energy transition.

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TradeUP Global Corporation (TUGC) announced that the SEC has declared effective its registration statement for the proposed merger with SAITECH Limited, an energy-saving bitcoin mining operator. Shareholders as of March 9, 2022, are urged to vote for the business combination at the Extraordinary General Meeting on April 22, 2022. If approved, TUGC will be renamed SAI.TECH Global Corporation, with its stocks listed on Nasdaq under the new ticker symbols 'SAI' and 'SAITW'.

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TradeUP Global Corporation (TUGCU) has filed a Registration Statement on Form F-4 with the SEC regarding its proposed business combination with SAITECH Limited, an energy-saving bitcoin mining operator. This significant step aims to capitalize on SAITECH's competitive strengths in the bitcoin mining sector, especially its innovative energy recycling technologies. The deal values SAITECH at $228 million and anticipates $44.9 million in cash, subject to shareholder approval. The business combination is projected to close in Q1 2022, pending necessary approvals.

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SAITECH Limited and TradeUP Global Corporation have entered into a definitive business combination agreement, marking SAITECH's path to becoming publicly listed on NASDAQ under the ticker symbol 'SAI'. This transaction values SAITECH at an equity valuation of $228 million and will utilize $44.9 million from TradeUP Global's trust for SAITECH's growth initiatives. SAITECH reported first-half revenues of approximately $8.0 million and aims to enhance its bitcoin mining capacity significantly while promoting energy-efficient operations. The transaction is expected to close in Q1 2022.

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TradeUP Global Corporation (NASDAQ: TUGCU) announced that starting June 21, 2021, holders of Units from its IPO can trade Class A ordinary shares and warrants separately. Each Unit, sold in the IPO on May 3, 2021, comprised one Class A ordinary share and one-half redeemable warrant. Units that remain unseparated will continue trading under the symbol TUGCU, while separated shares and warrants will trade under TUGC and TUGCW, respectively. No fractional warrants will be issued. Brokers must contact the Company's transfer agent, VStock Transfer, LLC, for the separation process.

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TradeUP Global Corporation (NASDAQ: TUGCU) has priced its initial public offering (IPO) at $10.00 per unit, offering 4,000,000 units which will begin trading on the NASDAQ on April 29, 2021. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The underwriters have a 45-day option to purchase an additional 600,000 units. The offering is expected to close on May 3, 2021, pending customary conditions.

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4.49M
3.19%
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