Summary by Futu AI
Canaan Inc., a technology company listed under the ticker CAN.US, has formally requested the Securities and Exchange Commission (SEC) to accelerate the effectiveness of its Registration Statement on Form F-3. The company has proposed for the Registration Statement to become effective at 9:00 a.m. Eastern Time on August 15, 2024. This request was communicated through a letter addressed to Jenny O’Shanick at the Division of Corporation Finance, SEC, by Nangeng Zhang, the Chairman and CEO of Canaan Inc. The company has indicated that any changes to this request will be promptly communicated, and that the acceleration may also be requested orally by an executive officer or a company attorney from Kirkland & Ellis, the company's U.S. counsel. Canaan Inc. acknowledges that the SEC's declaration of effectiveness does not prevent further SEC action regarding the filing and does not absolve the company of its responsibility for the accuracy of the disclosures.