CANAAN ALERT: Bragar Eagel & Squire, P.C. is Investigating Canaan, Inc. on Behalf of Canaan Stockholders and Encourages Investors to Contact the Firm
NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Canaan, Inc. (NASDAQ: CAN) on behalf of Canaan stockholders. Our investigation concerns whether Canaan has violated the federal securities laws and/or engaged in other unlawful business practices.
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On Monday, April 12, 2021, before the market opened, Canaan issued a press release disclosing its 4Q20 and FY20 financial results for the period ended December 31, 2020. Canaan generated $5.9 million in revenue in Q4 and $68.6 million for full-year 2020. Canaan’s 4Q20 sales had declined more than 93% year-over-year compared to its…