Canaan Inc. Announces Completion of Conversion of the Previously Announced Series A-1 Preferred Shares
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最新报道：Canaan Inc. announced the completion of converting its previously issued Series A-1 Preferred Shares into Class A ordinary shares, effective March 28, 2024. The conversion was carried out at a 1:1 ratio, with no fractional shares issued. This move follows the company's earlier disclosure in its annual report and aligns with shareholder approval obtained in 2023. The conversion eliminates all rights and preferences associated with the preferred shares, integrating them fully into the company's ordinary share structure. Canaan, a leading high-performance computing solutions provider, continues to focus on advancing its technology in blockchain and AI hardware.
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