Stock Titan Deals and strategy
SAIHEAT Limited (SAIH) outlines Canopy Wave merger, new CWAV ticker and PIPE
SAIHEAT Limited (SAIH) is proposing an all-stock merger with Canopy Wave Inc., an AI infrastructure and GPU-as-a-Service provider, valuing Canopy Wave at $60 million and SAIHEAT at $40 million. The combined entity will be renamed Canopy Wave Holdings Inc., trade under the ticker CWAV on Nasdaq, and include a concurrent PIPE offering of $4.5 million. The merger, which …