Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
June 23 2022 - 4:01PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2022
Commission File Number: 001-39127
Canaan Inc.
Room 2101, 21st Floor,
Building 1
Yard 1, No. 81 Beiqing
Road
Haidian District, Beijing,
100094
People’s Republic
of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
x Form 40-F ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Item 1.01. Entry into a Material Definitive Agreement.
On June 23, 2022, Canaan Inc. (the
“Company”) announced that the Company and certainwarrant holders (the “Warrant Holders”) entered into
agreements to repurchase over 4.72 million outstanding warrants (“Warrants”) of the Company for an aggregate purchase
price of approximately US$6.61 million. The Warrants were issued by the Company in May 2021 pursuant to (i) certain
Securities Purchase Agreement (the “SPA”) between the Company 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.
Simultaneously, the parties amended the terms of
the SPA in a manner that is expected to provide the Company with more flexibility with respect to future issuances of ADSs, Ordinary Shares
or Ordinary Share Equivalents, as defined in the SPA.
A form of the agreement with Warrant Holders and
a copy of the Amendment are attached hereto as Exhibits 10.1 and 10.2, and are incorporated herein by reference. The foregoing summary
of the terms of the Amendment are subject to, and qualified in its entirety by, such document.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 10.1 — Form of the Purchase Agreement dated
June 23, 2022, among Canaan Inc. and certain warrant holders.
Exhibit 10.2 — First Amendment to Securities Purchase Agreement
dated June 23, 2022, among Canaan Inc. and certain purchasers.
Exhibit 99.1 — Press Release
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Canaan Inc. |
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By: |
/s/ Nangeng Zhang |
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Name: |
Nangeng Zhang |
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Title: |
Chairman and Chief Executive Officer |
Date: June 23, 2022
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