Canaan Shares Rise After Halting of ATM Offering Program

Dow Jones

Oct 31

By Chris Wack

Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program.

The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired.

Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million.

The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors.

Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 31, 2025 10:51 ET (14:51 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2579953984"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2579953984\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2579953984?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-31 22:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2579953984","market":"fut","top_or_hot":-1,"title":"Canaan Shares Rise After Halting of ATM Offering Program","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program. \n</p>\n<p>\n  The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired. \n</p>\n<p>\n  Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million. \n</p>\n<p>\n  The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors. \n</p>\n<p>\n  Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 10:51 ET (14:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canaan Shares Rise After Halting of ATM Offering Program</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanaan Shares Rise After Halting of ATM Offering Program\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-31 22:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program. \n</p>\n<p>\n  The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired. \n</p>\n<p>\n  Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million. \n</p>\n<p>\n  The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors. \n</p>\n<p>\n  Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2025 10:51 ET (14:51 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密货币概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579953984","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579953984","pubTimestamp":1761922260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program.The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired.Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million.The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors.Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4600":"加密货币概念","BK4595":"比特币概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4526":"热门中概股","CAN":"嘉楠科技"},"translate_title":"停止ATM发行计划后嘉楠耘智股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":1.5},"content_text":"By Chris Wack \n\n\n \n\n\n  Canaan shares were 14% higher, at $1.41, after the company said it was halting its current at-the-market offering program. \n\n\n  The company established a new ATM equity offering program on Oct. 24, to replace the previous program, which had expired. \n\n\n  Following the renewal, Canaan sold a total of 4.8 million American depositary shares through the ATM program at a combined average price of $1.61 per ADS, resulting in total proceeds of $7.8 million. \n\n\n  The company said it has ceased any further sales under the program, and doesn't plan to sell additional shares through the ATM for the remainder of 2025. It may resume active sales in 2026, depending its cash requirements, market conditions and other relevant factors. \n\n\n  Canaan said its cash position remains solid, supported by continued business momentum. As of Sept. 30, Canaan held a cryptocurrency treasury of 1,582 bitcoins and 2,830 ethereum. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 31, 2025 10:51 ET (14:51 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}