SAIHEAT Enters into Definitive Merger Agreement with Canopy Wave to Build a Global AI Inference Platform
SAIHEAT Limited (Nasdaq: SAIH) said it signed a definitive merger agreement with Canopy Wave, Inc. to create a global AI inference platform. The combined company will be renamed Canopy Wave Holdings Inc. and is expected to trade on Nasdaq as CWAV. Canopy Wave shareholders receive about 54.19% economic and 78.44% voting power based on $60M and $40M pre-money valuations; closing expected by end-2026.
