Core Viewpoint - SAI.TECH Global Corporation has announced a new share repurchase program allowing the company to buy back up to US$1 million and 1 million shares of its ordinary shares until January 11, 2025 [1] Group 1: Share Repurchase Program - The share repurchase may occur in the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2] - The timing and amount of repurchase transactions will comply with SEC Rule 10b-18 and Rule 10b-5 [2] - The board of directors will periodically review the program and may adjust its terms and size [2] Group 2: Company Overview - SAI.TECH is a Nasdaq-listed sustainable distributed bitcoin mining operator based in Singapore [3] - The company's mission is to become a global leader in sustainable digital asset mining and heating supply while promoting the clean transition of the bitcoin mining, power, and heating industries [3] - SAI.TECH became publicly traded in May 2022 through a merger with TradeUP Global Corporation [4]
SAI.TECH Global Corporation Announces Share Repurchase Program