Corporate GovernanceApr 28, 2026, 06:13 AM
SAIH Adopts Fifth Amended & Restated Articles of Association
AI Summary
SAIHEAT Ltd. adopted its Fifth Amended and Restated Memorandum and Articles of Association on April 24, 2026. The updated documents detail the company's authorized share capital, including 22,024,624 Class A ordinary shares, 642,043 convertible Class B ordinary shares, and 666,666 preference shares, all with a par value of US$0.0015 each. The amendments also outline specific rights and restrictions for Class B shares, including conversion options and protection against dilution or adverse changes without Class B shareholder approval.
Key Highlights
- Adopted Fifth Amended and Restated Memorandum and Articles of Association on April 24, 2026.
- Authorized share capital is US$35,000.
- Includes 22,024,624 Class A ordinary shares with US$0.0015 par value.
- Includes 642,043 convertible Class B ordinary shares with US$0.0015 par value.
- Includes 666,666 preference shares with US$0.0015 par value.
- Class B shares are convertible into Class A shares at the holder's option.
- Class B shareholders have veto rights on certain actions affecting Class B shares.
Price Impact
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