UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2024
Commission File Number: 001-40368
SAI.TECH Global Corporation
(Exact name of registrant as specified in its charter)
#01-05 Pearl’s Hill Terrace, Singapore, 168976
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Press Release
On June 28, 2024, SAI.TECH Global Corporation issued a press release to announce the signing of a Memorandum of Understanding with Al-Farabi Kazakh National University in the Republic of Kazakhstan.
A copy of the press release is furnished as Exhibit 99.1 to this current report on Form 6-K and incorporated by reference herein.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
| Date: June 28, 2024 | SAI.TECH GLOBAL CORPORATION | |
| By: | /s/ Risheng Li | |
| Name: | Risheng Li | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
SAI.TECH Announces the Signing of an MOU with Al-Farabi Kazakh National University to Advance Technological Education and AI Computing Power in Kazakhstan
Singapore, June 28, 2024 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announces the signing of a Memorandum of Understanding (the “MOU”) with Al-Farabi Kazakh National University (the “University”) in the Republic of Kazakhstan. This collaboration aims to bolster educational and scientific research initiatives in the region.
The MOU signifies a collaborative effort between SAI.TECH and the University spanning humanities, social sciences, and natural sciences. It includes exchanges of faculty and administrative staff, educational training programs for educators, and opportunities for student exchanges at both undergraduate and graduate levels, facilitating research internships and specialized training.
At the core of this partnership is the establishment of joint educational programs and curricula, including initiatives for double diplomas, designed to enrich academic exchange and foster collaboration between the two entities. Additionally, the collaboration encompasses joint research projects, participation in state and international grants, and the publication of scientific materials in partner institutions’ periodicals.
This collaboration marks a significant milestone in SAI.TECH’s expansion into Kazakhstan, leveraging its AI computing technology and expertise in sustainable computing with distributed energy solutions. SAI.TECH is committed to supporting the region’s development in computing and beyond.
About Al-Farabi Kazakh National University
Al-Farabi Kazakh National University, also called KazNU or KazGU, is a national research university located in Almaty, Kazakhstan. Named after philosopher and scholar Al-Farabi, it is one of the country’s largest universities. The University is Kazakhstan’s oldest classical university. The University was established on November 13, 1933 by a resolution from the Soviet Communist Party’s Kazakh Regional Committee. In 2023, the University was ranked 150th in the world by the QS World University Rankings.
About SAI.TECH
SAI.TECH is a Nasdaq-listed (SAI) sustainable distributed bitcoin mining operator headquartered in Singapore. SAI.TECH’s mission is to become a sustainable distributed digital asset mining operator and heating supplier globally, while simultaneously promote the clean transition of the bitcoin mining, power and heating industries.
In May 2022, SAI.TECH became a publicly traded company under the new ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation. For more information on SAI.TECH, please visit https://sai.tech/.
Safe Harbor Statement:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements include, but not limited to, statements concerning SAI.TECH and SAI.TECH’s operations, financial performance, and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. SAI.TECH cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic, and social conditions around the world including those discussed in SAI.TECH’s Form 20-F under the headings “Risk Factors”, “Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and SAI.TECH specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
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