SAIHEAT LtdSAIH
Cash in trust
$44.9M
$44,895,493
Trust per share
$10.00
Redemption value
IPO
Apr 2021
$40.0M raised
Combination deadline
Nov 3, 2022
Deadline passed
Filings on record
173
Latest Sep 30, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 28, 2021
Overview
SAIHEAT Ltd is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001847075. It completed its initial public offering in Apr 2021, raising $40.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker SAIH, warrants under SAIHW on Nasdaq. The vehicle is sponsored by SAIHEAT. Definitive business-combination agreement signed, closing pending.
Reading the filings
Arithmetic on what SAIHEAT Ltd has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.00 per public share, effectively the $10.00 the units were sold at, so little or no interest has accrued to the account yet.
Time on the clock
The stated combination deadline of Nov 3, 2022 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
From listing to the date SAIHEAT Ltd must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
173 filings in all. 8 in the last three months, against a busiest month of 12.
Scores
Recomputed 1d agoThree readings of SAIHEAT Ltd, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
LowHow much does the structure protect a holder right now?
2/100
- Trust accretion3
$10.00 per share
- Runway1
-1457 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
0/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness1
announced 1858 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
53/100
- Trust scale20
$45M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on SAIHEAT Ltd
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-104816
- S-8
REGISTRATION STATEMENT
Accession 0001213900-26-098045
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-093961
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-088579
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-087323
- EFFECT
Notice of effectiveness
Accession 9999999995-26-002298
- F-3/A
AMENDMENT NO. 1 TO FORM F-3
Accession 0001213900-26-076924
- F-3
REGISTRATION STATEMENT
Accession 0001213900-26-074948
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-065887
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-065886
- 20-F
ANNUAL REPORT
Accession 0001213900-26-050380
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-048198
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-040175
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-036613
- 3
Initial statement of beneficial ownership
Accession 0001639413-26-000003
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-030436
- 3
Initial statement of beneficial ownership
Accession 0002120553-26-000001
- 3
Initial statement of beneficial ownership
Accession 0002120889-26-000001
- 3
Initial statement of beneficial ownership
Accession 0001858469-26-000001
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-111285
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-104212
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-083705
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-25-062207
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-062204
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-036388
- 20-F
ANNUAL REPORT
Accession 0001213900-25-035765
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-034801
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-031565
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-026219
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-020233
Pro
Track SAIH without the delay
Free accounts see this filing history a day late. Pro shows every document minutes after EDGAR publishes it, opens it on EDGAR in one click, and adds the twelve-month deadline calendar.
- Filings live, no 24-hour delay
- One click through to the source document
- Deadline calendar out to 12 months
- CSV export, API and MCP access
Cancel any time. Billed monthly in USD.
SAIHEAT Ltd: questions answered
What is SAIHEAT Ltd (SAIH)?
SAIHEAT Ltd is a special purpose acquisition company incorporated and registered with the SEC under CIK 0001847075. It completed its initial public offering in Apr 2021, raising $40.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker SAIH, warrants under SAIHW on Nasdaq. The vehicle is sponsored by SAIHEAT. Definitive business-combination agreement signed, closing pending.
How much does SAIHEAT Ltd hold in trust?
Approximately $44,895,493, or about $10.00 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must SAIHEAT Ltd complete a merger?
By Nov 3, 2022. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if SAIHEAT Ltd does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in SAIHEAT Ltd, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.00 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does SAIHEAT Ltd trade under?
Class A shares trade as SAIH on Nasdaq, and the warrants as SAIHW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for SAIHEAT Ltd?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.00, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $25.27, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
Who sponsors SAIHEAT Ltd, and what is their track record?
SAIHEAT is the sponsor entity, part of the SAIHEAT franchise. This is the only vehicle we have attributed to that sponsor.
Is SAIHEAT Ltd tradeable, and where?
Yes. SAIH returned a live quote of $25.27 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is SAIHEAT Ltd a good investment?
That is not a question this site answers. SAIHEAT Ltd is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this SAIHEAT Ltd data come from?
Filings SAIHEAT Ltd submitted to the SEC under CIK 0001847075: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Nov 1, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
SAIHEAT: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.