Canaan Inc. (CAN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CAN currently has 10.4B outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 195.0% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 22, 2026 |
POS AM filing: This shelf registration statement allows for the potential future offering of up to $270,000,000 in Class A ordinary shares, preferred shares, warrants, debt securities, and subscription rights units. |
10B | 0 |
| Apr 15, 2026 |
POS AM filing: This POS AM filing indicates a potential offering of various securities, including Class A Ordinary Shares, Preferred Shares, Warrants, Debt Securities, and Subscription Rights Units, for a total proposed amount of $270,000,000. |
5.3B | 0 |
| Apr 15, 2026 |
20-F filing | 10431.5M shares outstanding |
10B | 0 |
| Apr 18, 2025 |
20-F filing | 5281.8M shares outstanding |
5.3B | 0 |
| Apr 17, 2024 |
20-F filing | 3460.5M shares outstanding |
3.5B | 0 |
| Apr 17, 2024 |
F-3 filing: The filing relates to a shelf registration for the potential offering and sale of preferred shares, warrants, subscription rights and/or units, debt securities, or Class A ordinary shares, including Class A ordinary shares represented by American depositary shares, or ADSs, with each ADS representing 15 Class A ordinary shares, up to an aggregate amount of US$300,000,000. |
2.5B | 0 |
| Apr 19, 2023 |
20-F filing | 2345.7M shares outstanding |
2.3B | 0 |
| Apr 19, 2023 |
POS AM filing: This POS AM filing indicates the company may offer Class A ordinary shares, preferred shares, warrants, subscription rights and/or units up to US$148,000,000. |
2.5B | 0 |
| Jun 23, 2022 |
6-K filing: Canaan Inc. repurchased over 4.72 million outstanding warrants for approximately US$6.61 million and amended the terms of the Securities Purchase Agreement to provide more flexibility with respect to future issuances of ADSs, Ordinary Shares or Ordinary Share Equivalents. ($6.61M proceeds) |
2.5B | 0 |
| Apr 29, 2022 |
20-F filing | 2492.5M shares outstanding |
2.5B | 0 |
| Apr 21, 2021 |
20-F filing | 1978.2M shares outstanding |
2B | 0 |
| Apr 15, 2020 |
20-F filing | 1971.6M shares outstanding |
2B | 0 |