Canaan inc. closes series a-1 preferred shares financing

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.
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