Nasdaq-listed Canaan Inc. announced that it has completed the previously disclosed Series A-1 preferred stock financing, amounting to $30 million. On November 19, 2024, Canaan entered into a securities purchase agreement with an institutional investor (buyer), under 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 $1,000.00 per share. Note: The above description is not complete, and the full content is subject to the 6-K current report released by the company on November 20, 2024. (PRNewswire)