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Canaan Inc. Closes Series A-1 Preferred Shares Financing

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the “Preferred Shares Financing”), raising total gross proceeds of US$30 million

On November 19, 2024, the Company entered into a securities purchase agreement (“Securities Purchase Agreement”) with an institutional investor (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the “Preferred Shares”) at the price of US$1,000.00 for each Preferred Share.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated November 20, 2024 announcing the execution of the Securities Purchase Agreement.

This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, which is made only by means of a prospectus supplement and related prospectus. There will be no sale of these securities in any jurisdiction in which such an offer, solicitation of an offer to buy or sale would be unlawful.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

View original content:https://www.prnewswire.com/news-releases/canaan-inc-closes-series-a-1-preferred-shares-financing-302316335.html

SOURCE Canaan Inc.

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AIRS Medical to Showcase Latest AI Innovations at RSNA 2024

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SEOUL, South Korea, Nov. 26, 2024 /PRNewswire/ — AIRS Medical, a leader in AI-driven diagnostic imaging solutions, is excited to present its latest innovations at the 2024 Radiological Society of North America (RSNA) conference at McCormick Place in Chicago. Visit us at South Hall Booth #4721 to learn more about SwiftMR®, our award-winning MRI acceleration solution, and other breakthroughs in diagnostic imaging.

What to expect at RSNA

We’ve packed an exciting agenda for RSNA 2024, including:

Lunch & Learn (December 1st, 11:45am) — Discover how SwiftMR enhances MRI image quality, increases revenue potential, and elevates the patient experience.AI Theater Presentation #1 (December 1st, 3pm) — Hear from Seung-Hong Choi, MD, PhD, Professor in the Department of Radiology at Seoul National University, as he discusses the clinical validation of SwiftMR and its impact on diagnostic accuracy and efficiency.AI Theater Presentation #2 (December 2nd, 11am) — Find out from Daryl Eber, MD, co-founder of 3T Radiology & Research, how his practice generated over $200,000 in just two months using SwiftMR.

We will also hold Meet the Experts sessions on December 1st (1pm), December 2nd (11:15am), and December 3rd (10:30am), featuring radiology experts who have successfully integrated SwiftMR into their practices.

For more details and to register, visit our website.

Expanding access to care through strategic partnerships

In 2024, AIRS Medical partnered with industry leaders including Bayer and RAYUS Radiology to expand access to AI-powered healthcare solutions. By collaborating with these distinguished organizations, we’re accelerating SwiftMR’s adoption and expanding access to care worldwide, transforming MRI workflows and facilitating a smoother patient journey.

2025 and beyond

As we look to the future, AIRS Medical remains committed to expanding access to diagnostic imaging services and pioneering AI innovations. Building on the momentum of 2024, we will continue to empower healthcare providers worldwide with solutions that redefine what’s possible in medical imaging. We’re excited to broaden SwiftMR’s reach and introduce new technologies in the coming year.

About AIRS Medical

AIRS Medical is a recognized leader in AI-powered diagnostic imaging and has been named one of the world’s top digital health companies. Our flagship product, SwiftMR, has earned multiple awards for its speed in MRI, and our team has been celebrated as innovators in AI. Driven by a mission to expand access to preventive healthcare, AIRS Medical is at the forefront of MRI efficiency, enabling imaging centers to serve more patients and deliver essential care to their communities.

To learn more about AIRS Medical, visit airsmed.com/en.

Ashley Guidace
AIRS Medical
Director of Global Marketing
ashley.guidace@airsmed.com
+1 (847) 306-8731

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SOURCE AIRS Medical

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BMO Ranks First in J.D. Power 2024 Canada Wealth Management Digital Experience Study

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TORONTO, Nov. 26, 2024 /CNW/ – BMO today announced it has received the highest score for wealth management digital experience among full-service investors in the J.D. Power 2024 Canada Wealth Management Digital Experience Study.

The study evaluates customer satisfaction among full-service investors with their wealth management digital experience, inclusive of both apps and websites, based on four factors:

Visual appealNavigationSpeedInformation/content

“We are incredibly proud of our colleagues for their dedication to improving and modernizing our Private Wealth platform over the last two years. This recognition reflects BMO Private Wealth’s significantly enhanced digital capabilities, including on-demand performance reporting and market leading equity research and our commitment to meeting our clients where they are in their wealth management journey,” said Kevin Barnes, North American Head, BMO Private Wealth. “Across BMO Wealth Management, we are putting our clients at the centre of all we do. Leading with a digital-first mindset, we will continue to improve the ease and simplicity of our platform to meet our clients’ evolving needs, help them make real financial progress and enjoy the opportunities that come with achieving their goals.”

For more information about BMO Private Wealth, please visit: https://www.bmo.com/en-ca/main/privatewealth.

The 2024 Canada Wealth Management Digital Experience Study evaluates customer satisfaction with the wealth management digital experience, inclusive of both apps and websites. This year’s study is based on responses from 4,860 full-service and self-directed investors and was fielded from June through August 2024.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

J.D. Power Award Disclaimer
BMO received the highest score in the Full-Service Investors segment of the J.D. Power 2024 Canada Wealth Management Digital Experience Study, which measures client satisfaction with wealth management websites and mobile apps among those who invest through a dedicated advisor. For more information, visit jdpower.com/awards for more details.

SOURCE BMO Financial Group

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Palm Beach County Upgrading to Latest Siyata Technology

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Deployment to begin in fourth quarter of 2024

VANCOUVER, BC, Nov. 26, 2024 /PRNewswire/ — Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, announced today that the School District of Palm Beach County, in Florida, a current Siyata customer, and one of the ten largest school districts in the United States, is upgrading its existing Siyata communications solution to Siyata’s latest generation SD7 handsets and VK7 Vehicle Kits with AI-enabled noise cancelling speaker microphones.

Marc Seelenfreund, CEO of Siyata, stated, “For more than five years, the School District of Palm Beach County has been a customer of Siyata using our UV350 In-Vehicle devices, and has experienced the many benefits of our smartphone technology. Upgrading to newer devices with our noise cancelling remote speaker microphones will make communications even clearer for school bus drivers, and safer for both their drivers and their students.”

Shane Searchwell, Director of Transportation Services for The School District of Palm Beach County, commented, “Siyata’s solutions have served us well over the last several years, and we are eager to upgrade to the latest technology to further improve communications for our bus drivers. There can be a lot of background noise on school buses, so the AI-enabled noise cancelling feature in Siyata’s devices will undoubtedly further improve the clarity of communications in our bus operations.”

About Siyata Mobile

Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.

In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.

Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.

Siyata’s common shares trade on the Nasdaq under the symbol “SYTA”, and our public warrants trade on the Nasdaq under the symbol “SYTAW”.

Visit www.siyata.net and unidencellular.com to learn more.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/palm-beach-county-upgrading-to-latest-siyata-technology-302316239.html

SOURCE Siyata Mobile Inc.

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