SAIHEAT Limited filed a Form 6-K announcing an Extraordinary General Meeting scheduled for August 26, 2026, to approve its merger with Canopy Wave Inc. The transaction involves issuing 3,306,269 shares as consideration based on valuations of $60 million and $40 million respectively, implying a price of $18.15 per share. Concurrently, the company secured a PIPE investment of approximately $4.5 million for 247,970 shares at the same price. Upon closing, SAIHEAT will rename to Canopy Wave Holdings Inc., trade under ticker CWAV, and undergo a change of control with new management led by Taoyue Zhang and Chunyi Liao. Current CEO Jianwei Li will resign. The company operates in the artificial intelligence infrastructure and high-performance inference platform sector.