Canaan completes conversion of Series A-1 preferred shares to ADSs
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Canaan Inc. Announces Completion of Conversion of the Previously Announced Series A-1 Preferred Shares
July 29, 2025 6:30 AM EDTAll ADSs from converted Series A-1 shares sold in open market
SINGAPORE, July 29, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the institutional investor (the "Investor") in its previously disclosed Series A-1 Convertible Preferred Shares financing has fully converted all its holdings into American Depositary... More
