Canaan Inc. Closes Series A-1 Preferred Shares Financing
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
SINGAPORE, Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million. On November 19, 2024, the Company entered into a securities purchase agreement ("Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the "Preferred Shares") at the price of US$1,000.00 for each Preferred Share.The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company's current report on Form 6-K dated November 20, 2024 announcing the execution of the Securities Purchase Agreement.This press release is for informational purposes only and is n
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CAN
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- Canaan Inc. Signs Agreement with AGM Group Holdings Inc.PR Newswire
- Canaan Inc. (NASDAQ: CAN) had its price target raised by analysts at Rosenblatt Securities from $3.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- The Benchmark Company Announces Upcoming Discovery One-on-One Investor ConferenceGlobeNewswire
- Canaan Inc. to Participate in Upcoming Investor ConferencesPR Newswire
- Canaan Inc. (CAN): $73.6 Million Revenue and Strategic Expansion in Blockchain Mining [Yahoo! Finance]Yahoo! Finance
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 12/19/24 - Form F-6EF
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- CAN's page on the SEC website