Jianan Technology signs A-1 Series Preferred Stock Financing Securities Purchase Agreement and completes the first $100 million financing delivery

According to Golden Finance, Canaan Technology announced that it has signed a securities purchase agreement with an institutional investor to provide up to $200 million in total revenue through Series A-1 preferred stock financing. The first installment of the preferred stock financing was completed on March 10, 2025, and the first $100 million has been received. It is expected to receive an additional $100 million related to the second installment in the near future, subject to certain terms and conditions.