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SAI.TECH Global (TradeUP Global Corp) Priced, Nasdaq: SAI

Second blank check company led by the founder of Zhencheng Capital (completed 4/29/2022).

Industry: SPAC

Latest Trade: $0.80 0.00 (0.0%)

First Day Return: -1.4%

Return from IPO: -92.0%

Industry: SPAC

We are a newly incorporated blank check company. We believe our founders’ distinctive and complementary backgrounds can have a transformative impact on a target business. Our founders will deploy a proactive, thematic sourcing strategy and focus our efforts on companies where we believe the combination of our founders’ operating experience, deal-making track record, professional relationships and capital markets expertise can be catalysts to enhance the growth potential and value of a target business and provide opportunities for an attractive return to our shareholders. Our business strategy is to identify and complete our initial business combination with a company that complements the experiences and skills of our management team and can benefit from their operational expertise. Our selection process will leverage our founders’ broad and deep relationship network, unique industry experiences and proven deal sourcing capabilities to access a broad spectrum of differentiated opportunities. This network has been developed through our founders’ extensive experience and demonstrated success in both investing in and operating businesses in our target sectors and across a variety of industries.
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IPO Data
IPO File Date 03/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/28/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
R.F. Lafferty & Co.
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Company Data
Headquarters New York, NY, United States
Founded 2021
Employees 3

SAI.TECH Global (TradeUP Global Corp) (SAI) Performance