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home / news releases / CAN - Canaan repurchases outstanding warrants for ~$6.61M

CAN - Canaan repurchases outstanding warrants for ~$6.61M

Canaan Inc.
Canaan (NASDAQ:CAN) has announced the repurchase of over 4.72M outstanding warrants for ~$6.61M. The transaction will help eliminate all outstanding warrants and streamline the capital structure of the company. The warrants were issued in May 2021 pursuant to (i) certain securities purchase agreement between the firm and the purchasers party thereto, dated April 29, 2021, and (ii) certain placement agent agreement between the company and the placement agents thereto, dated April 29, 2021. CAN shares up 3% pre-market

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Canaan repurchases outstanding warrants for ~$6.61M
Stock Information
Company Name: Canaan Inc.
Stock Symbol: CAN
Market: NYSE
Website: canaan-creative.com
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