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Announced

28 Sep 2021

Completed

29 Apr 2022

SAITECH went public via a SPAC merger with TradeUP Global in a $228m deal.

Synopsis

SAITECH, an energy saving bitcoin mining operator, went public via a SPAC merger with TradeUP Global, a special purposes acquisition company, in a $228m deal. “Today marks an important milestone for SAI. I want to start off by thanking everyone who played a part in making SAI become a global leader in the Bitcoin mining industry and a listed company on Nasdaq,” Arthur Lee, SAITECH Founder and CEO.

Principals

target

Saitech

bidder

Tradeup Global Corporation

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Market Context

Dealmakers (29)

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Chris A. Ferazzi

LawyerPartner at Winston & Strawn

Alexandra Santana

LawyerAssociate at Winston & Strawn

Arthur Lee

ManagerFounder and CEO at SAITECH LIMITED

Ben Griffith

LawyerAssociate at Winston & Strawn

Dean Hinderliter

LawyerPartner at Winston & Strawn

Ivy Liu

LawyerLegal Manager at Winston & Strawn

Susan Deng

LawyerOf Counsel at Winston & Strawn

Michael J. Blankenship

LawyerPartner at Winston & Strawn

Doug Lionberger

LawyerPartner at Winston & Strawn

Simon Luk

LawyerPartner at Winston & Strawn

Jen Stadler

LawyerPartner at Winston & Strawn

Luisa Patoni

LawyerAssociate at Winston & Strawn

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