Canaan Inc., a Nasdaq-listed company, announced that it has completed the previously disclosed Series A-1 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 entirety is subject to the full text of the Company's Current Report on Form 6-K dated November 20, 2024. (PRNewswire)