Summary by Futu AI
Canaan Inc., a technology company listed under the ticker CAN.US, has formally withdrawn its request to the U.S. Securities and Exchange Commission (SEC) for the acceleration of the effective date of its Registration Statement on Form F-3, which was originally requested for August 15, 2024. The withdrawal, communicated in a letter dated August 20, 2024, comes as the company plans to file an amendment to the Registration Statement. This amendment is to include an updated consent from its independent auditor, KPMG Huazhen LLP, as per the SEC's instructions. Canaan's Chairman and Chief Executive Officer, Nangeng Zhang, signed the letter, indicating the company's intention to comply with the regulatory requirements before proceeding.