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Today, Canaan Inc ., a technology company based in Singapore, disclosed in a SEC filing that its Chief Executive Officer, Nangeng Zhang, and Chief Financial Officer have acquired additional shares of the company. This announcement was made through a Form 6-K filing submitted to the U.S. Securities and Exchange Commission.
Canaan Inc., listed under the ticker (NASDAQ:CAN), operates within the finance services sector and is known for its involvement in the development of crypto assets. The filing, which serves as a report of a foreign private issuer under the Securities Exchange Act of 1934, indicates that both executives are increasing their equity stakes in the company.
The company’s principal executive offices are located at 28 Ayer Rajah Crescent, Singapore. This strategic move by the company’s leadership is detailed in Exhibit 99.1 of the filing, underscoring their commitment to the firm’s growth and future prospects.
Based on the press release, these transactions reflect a vote of confidence by the top management in Canaan Inc.’s ongoing business strategy and market position. The specific number of shares purchased and the financial terms of the transactions were not disclosed in the filing.
Canaan Inc. continues to file its annual reports under Form 20-F, as indicated in the document. The company’s fiscal year ends on December 31. This latest development follows the company’s ongoing efforts to strengthen its market presence in the cryptocurrency and technology sectors.
The filing was signed by Nangeng Zhang, Chairman and CEO of Canaan Inc., reaffirming his leadership role and commitment to the company’s future endeavors.
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