Canaan Inc., a leading provider of high-performance computing solutions, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on April 17, 2024, for the issuance of various securities, including American Depositary Shares (ADSs), preferred shares, warrants, debt securities, subscription rights, and units. The filing allows Canaan to offer these securities to the public through multiple methods such as underwriters, dealers, direct sales, or agents. The securities may be offered at fixed prices, market prices, or negotiated prices, and may be listed on an exchange or sold through electronic auctions. The registration statement also includes provisions for the indemnification of directors and officers, highlighting the potential risks and legal considerations for investors. The company's operations are...Show More

Canaan Inc., a leading provider of high-performance computing solutions, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on April 17, 2024, for the issuance of various securities, including American Depositary Shares (ADSs), preferred shares, warrants, debt securities, subscription rights, and units. The filing allows Canaan to offer these securities to the public through multiple methods such as underwriters, dealers, direct sales, or agents. The securities may be offered at fixed prices, market prices, or negotiated prices, and may be listed on an exchange or sold through electronic auctions. The registration statement also includes provisions for the indemnification of directors and officers, highlighting the potential risks and legal considerations for investors. The company's operations are primarily based in China, with most of its assets located there, which may affect the enforceability of civil liabilities under U.S. law. Canaan has appointed Cogency Global Inc. as its agent for service of process in the United States. The registration statement is part of Canaan's efforts to raise capital and potentially facilitate future growth and expansion.