CAN - Bitcoin-Linked Canaan Stock Is Tumbling Thursday: What's Going On? | Benzinga
Canaan Inc (NASDAQ:CAN) shares are falling Thursday after the company filed for a mixed securities shelf offering.
What Happened: Late Wednesday, Canaan filed a prospectus related to a mixed shelf offering. The company said it may offer and sell up to $300 million of securities from time to time in one or more offerings. The securities available may include common stock, ordinary shares represented by American depositary shares, preferred stock, debt securities, warrants, and subscription rights or units.
Canaan last reported quarterly results in late February. The company said it had $96 million in ...