(English) Canaan Inc.
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Canaan Inc. – CAN
New York, N.Y., April 26, 2021. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Canaan Inc. (NASDAQ: CAN) between February 10, 2021 and April 9 2021, inclusive (the “Class Period”).
To join the CAN class action, go to http://zhanginvestorlaw.com/cases/canaan-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period (1) Canaan had experienced significant ongoing supply chain disruptions during the 4Q20; (2) the introduction of Canaan’s next-generation A12 series bitcoin mining machines had cannibalized sales of the older product offerings during the 4Q20; (3) as a result of the foregoing, Canaan’s 4Q20 sales and sales revenues had declined dramatically; and (4) as a result of the foregoing Canaan was not on track to achieve the strong financial prospects it had led the market to believe.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 14, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/canaan-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.