Stratos Global Corporation

SAI.TECH Global Corporation Reports Unaudited Financial Results for the Six Months Ended June 30, 2023

Retrieved on: 
Monday, November 13, 2023

SINGAPORE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW), today reported unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • SINGAPORE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW), today reported unaudited financial results for the six months ended June 30, 2023.
  • Financial Highlights for the Six Months Ended June 30, 2023
    Total revenues for the six months ended June 30, 2023, were US$ 3.0 million, having decreased 44% compared to the six months ended June 30, 2022.
  • Gross profits for the six months ended June 30, 2023, was US $0.2 million, having decreased 70% compared to the six months ended June 30, 2022.
  • Net losses for the six months ended June 30, 2023, was US$3.7 million compared to net losses of US$2.7 million for the six months ended June 30, 2022.

SAI.TECH Announces Results of Annual General Meeting

Retrieved on: 
Thursday, September 14, 2023

SINGAPORE, Sept. 14, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW) today announced that all of the shareholder proposals submitted for shareholder approval (the “Proposals”) as set forth in the notice of annual general meeting dated August 3, 2023 (the “Notice of AGM”) have been duly adopted at its annual general meeting of shareholders held virtually at www.virtualshareholdermeeting.com/SAI2023 on September 6, 2023 (the “AGM”).

Key Points: 
  • SINGAPORE, Sept. 14, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW) today announced that all of the shareholder proposals submitted for shareholder approval (the “Proposals”) as set forth in the notice of annual general meeting dated August 3, 2023 (the “Notice of AGM”) have been duly adopted at its annual general meeting of shareholders held virtually at www.virtualshareholdermeeting.com/SAI2023 on September 6, 2023 (the “AGM”).
  • After the adoption of the Proposals, all corporate authorizations and actions contemplated thereunder were approved, including, among other things, that (i) Mr. Risheng Li is re-elected as a Class I Director of the Company, (ii) the elections of Mr. Yusen Chen and Mr. Yao Shi as Class II Directors of the Company are ratified, (iii) the elections of Mr. Hao Ge and Mr. Jinlong Zhu as Class III Directors of the Company are ratified, (iv) the appointment of Audit Alliance LLP as the independent registered public accounting firm of the Company for the fiscal year ended December 31, 2022 and for the fiscal year ended December 31, 2023 is ratified and approved, and (v) the Company’s 2023 Equity Incentive Plan is approved.

SAI.TECH releases AI mobile liquid cooling computing center product A1, equipped with Gigabyte's A100/H100 immersion servers

Retrieved on: 
Thursday, September 14, 2023

The preliminary design of the Product is a 40-ft container with Tier III Standard, which is able to contain HPC/AI immersion servers from Gigabytes that are placed in four 36U cooling tanks with the total rack size of 144U.

Key Points: 
  • The preliminary design of the Product is a 40-ft container with Tier III Standard, which is able to contain HPC/AI immersion servers from Gigabytes that are placed in four 36U cooling tanks with the total rack size of 144U.
  • The Product will provide a stable operating environment for AI-dedicated GPUs such as A100/H100.
  • The prototype of the A1 Product will be tested and operated at the SAI NODE Marietta Computing Heat Recycle Center.
  • Meanwhile, the B1 products —— Bitcoin mining boxes with liquid cooling and heat recycle capabilities are operating at SAI NODE Marietta.

Glancy Prongay & Murray LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of Eros Shares and/or Common Stock

Retrieved on: 
Monday, August 21, 2023

YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $25,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

Key Points: 
  • YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $25,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.
  • If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund.
  • If you are a member of the Settlement Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than December 6, 2023.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.

SAI.TECH Announces the successful conclusion of its “2nd Bit Heat Day” Event on August 9th at its U.S. R&D Center SAI NODE Marietta in Ohio

Retrieved on: 
Friday, August 11, 2023

Just 90 days ago, SAI made its debut in Marietta, Ohio.

Key Points: 
  • Just 90 days ago, SAI made its debut in Marietta, Ohio.
  • In just three months, the SAI team built SAI NODE Marietta from the ground.
  • SAI NODE Marietta, located in Marietta, Ohio, consists of the SAI U.S. R&D Center and the OCEC Computing Heat Recycle Technology Development Center.
  • Tao Wu, Director of the OCEC Computer Heat Recycling Technology Development Center, believes that the center holds significant promise for the local community.

SAI.TECH Announces to host the upcoming “2nd Bit Heat Day” at its newly powered up U.S. R&D Center SAI NODE Marietta in Ohio

Retrieved on: 
Monday, August 7, 2023

SINGAPORE, Aug. 07, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW) is proud to announce the return of its 2nd “Bit Heat Day,” which will take place on August 9, 2023, in Marietta, Ohio.

Key Points: 
  • SINGAPORE, Aug. 07, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW) is proud to announce the return of its 2nd “Bit Heat Day,” which will take place on August 9, 2023, in Marietta, Ohio.
  • The second Bit Heat Day will be held at the newly built SAI US R&D Center SAI NODE Marietta and the OCEC Computing Heat Recycle Technology Development Center (together, the “Centers”), which is successfully powered on today after months of development.

SAI.TECH to Hold Annual General Meeting on September 6, 2023

Retrieved on: 
Friday, August 4, 2023

SINGAPORE, Aug. 04, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW), today announced that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") virtually at www.virtualshareholdermeeting.com/SAI2023 on September 6, 2023 at 9:00 a.m. Eastern Standard Time, for the purposes of considering and, if thought fit, passing the proposals set forth in the Notice of AGM.

Key Points: 
  • SINGAPORE, Aug. 04, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI, SAITW), today announced that it will hold an annual general meeting (the "AGM") of shareholders (the "Notice of AGM") virtually at www.virtualshareholdermeeting.com/SAI2023 on September 6, 2023 at 9:00 a.m. Eastern Standard Time, for the purposes of considering and, if thought fit, passing the proposals set forth in the Notice of AGM.
  • The Notice of AGM and Form of Proxy for Annual General Meeting are available on the Company's SEC EDGAR filing page.
  • The board of directors of SAI.TECH fully supports the proposals listed in the Notice of AGM and recommends that the shareholders vote in favor of the proposals set out in the Notice of AGM.
  • Holders of record of ordinary shares of the Company at the close of business on July 27, 2023, Eastern Standard Time are entitled to attend and vote at the AGM and any adjourned meeting thereof.

SAI.TECH Announces its subsidiary BOLTBIT to Participate in The Ethereum Community Conference (“EthCC”) Side Event Party

Retrieved on: 
Tuesday, July 18, 2023

SINGAPORE, July 18, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI), today announced that its subsidiary Boltbit Limited (doing business as “BOLTBIT”) will participate in The Ethereum Community Conference (“EthCC”) side event party.

Key Points: 
  • SINGAPORE, July 18, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI), today announced that its subsidiary Boltbit Limited (doing business as “BOLTBIT”) will participate in The Ethereum Community Conference (“EthCC”) side event party.
  • The EthCC side event party is part of EthCC Week, which took place from July 17th to 20th in Paris.
  • The EthCC side event party is one of the highlights of EthCC Week, offering a series of side events, gatherings, panel discussions, and parties.
  • The afterparty presented by BOLTBIT along with other co-hosts, offers a vibrant atmosphere and seamless accessibility from the conference venue.

SAI.TECH Announces Seed Financing of HEATNUC, its SMR subsidiary

Retrieved on: 
Monday, July 17, 2023

SINGAPORE, July 17, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI), announced today that its subsidiary, Atomic Evolution Limited (doing business as “HEATNUC”), has entered into a seed financing subscription agreement with JIUDE Capital, a venture capital investor with a post-investment valuation of US$50 million.

Key Points: 
  • SINGAPORE, July 17, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI), announced today that its subsidiary, Atomic Evolution Limited (doing business as “HEATNUC”), has entered into a seed financing subscription agreement with JIUDE Capital, a venture capital investor with a post-investment valuation of US$50 million.
  • The seed financing allows HEATNUC to accelerate its team building process, which aims to attract and secure key research and development personnel.

Stellantis Adapts Top Executive Team to Lead Company Through Increasingly Challenging External Environment

Retrieved on: 
Tuesday, June 6, 2023

AMSTERDAM, June 6, 2023 - After more than two years of successful implementation of its organization, Stellantis today announced Top Executive Team changes, effective July 1, 2023.

Key Points: 
  • AMSTERDAM, June 6, 2023 - After more than two years of successful implementation of its organization, Stellantis today announced Top Executive Team changes, effective July 1, 2023.
  • “These changes demonstrate that the diversity of talent and experience inside Stellantis’ Top Executive Team make it possible to adapt our leadership team to address the challenging business environment while continuing the success story that this team has built over the past two and a half years with the focused execution of the Dare Forward 2030 strategic plan,” said Stellantis CEO Carlos Tavares.
  • Ned Curic’s added responsibility will drive the continued transformation of Stellantis into a sustainable mobility tech company by ensuring alignment between strategic vision and project implementation of the Stellantis R&D function.
  • Olivier François has extensive experience in brand development and strategic positioning that will benefit both Fiat and DS Automobiles.