SAIHEAT Enters Definitive Merger Agreement with Canopy Wave to Build a Global AI Inference Platform
August 10, 2026
SAIHEAT Limited entered into a definitive merger agreement with Canopy Wave, combining to create a U.S.-based global AI inference platform. Upon closing, Canopy Wave will become a wholly-owned subsidiary and the combined company is expected to be renamed Canopy Wave Holdings Inc. and trade on Nasdaq under the ticker CWAV.
- Buyers
- SAIHEAT Limited
- Targets
- Canopy Wave, Inc.
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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