Canaan Technology Completes Previously Disclosed $30 Million Series A-1 Preferred Stock Financing

Odaily News Canaan Inc., a Nasdaq-listed company, announced that it has completed the previously disclosed A-1 Series Preferred Stock Financing of US$30 million. On November 19, 2024, Canaan entered into a securities purchase agreement with an institutional investor (the Buyer), pursuant to which the Company agreed to issue and sell 30,000 shares of Series A-1 Convertible Preferred Stock to the Buyer at a price of US$1,000.00 per share. Note: The above description is not complete, and its entire content is subject to the full text of the Company's Current Report on Form 6-K released on November 20, 2024. (PRNewswire)