Canaan Inc. (CAN) Repurchases 4.72M Warrants
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Canaan Inc. Announces The Repurchase of Over 4.72 Million Outstanding Warrants for Approximately US$6.61 Million
June 23, 2022 9:15 AM EDTBEIJING, June 23, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, is pleased to announce that it has entered into agreements with certain warrant holders (the "Warrant Holders") to repurchase over 4.72 million outstanding warrants ("Warrants") of the Company for an aggregate purchase price of approximately US$6.61 million. The Warrants were issued by the Company in May 2021 pursuant to (i) certain Securities Purchase Agreement (the "SPA") between the... More
