Home > Insider Trading > Latest 13D and 13G Filings > 13G Filing (0001567619-23-007882)

Filing Details

Accession Number:: 0001567619-23-007882
Form Type:: 13G Filing
Publication Date:: 2023-12-19 19:00:00

Filed By:: Streeterville Capital Llc
Company:: Canaan Inc. (NASDAQ:CAN)
Filing Date:: 2023-12-20
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Streeterville Capital	263,286,183	7	263,286,183	9	263,286,183	9.99 %
Streeterville Management	263,286,183	7	263,286,183	9	263,286,183	9.99 %
John M. Fife	263,286,183	7	263,286,183	9	263,286,183	9.99 %

Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. n/a )*

Canaan Inc.

(Name of Issuer)

Class A Ordinary Shares, $0.00000005 par value per share

(Title of Class of Securities)

134748102

(CUSIP Number)

December 20, 2023

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.

134748102


1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Streeterville Capital LLC 85-2954598

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Utah

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5	SOLE VOTING POWER

			263,286,183

		6	SHARED VOTING POWER



		7	SOLE DISPOSITIVE POWER

			263,286,183

		8	SHARED DISPOSITIVE POWER



9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	263,286,183

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	9.99*%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO
	FOOTNOTES

	* Reporting Person Streeterville Capital LLC (“Streeterville”) has rights under a Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Shares of Canaan,Inc. to own an aggregate number of shares of the Issuer’s Class A Ordinary Shares which, except for a contractual cap on the amount of outstanding shares that Streeterville may own, would exceed such cap. Streeterville's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's Class A Ordinary Shares beneficially owned by Streeterville as of the date of this filing was 263,286,183 Class A Ordinary Shares, which is 9.99% of the 2,635,497,333 Class A Ordinary Shares outstanding on December 1, 2023, (as reported in the Issuer's Form 424B5 filed on that date).

CUSIP No.

134748102


1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Streeterville Management LLC 85-3223919

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Utah

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5	SOLE VOTING POWER

			263,286,183

		6	SHARED VOTING POWER



		7	SOLE DISPOSITIVE POWER

			263,286,183

		8	SHARED DISPOSITIVE POWER



9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	263,286,183

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	9.99*%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO
	FOOTNOTES

	* Reporting person Streeterville Management LLC is the Manager of reporting person Streeterville. Streeterville has rights under a Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Shares of Canaan,Inc. to own an aggregate number of shares of the Issuer’s Class A Ordinary Shares which, except for a contractual cap on the amount of outstanding shares that Streeterville may own, would exceed such cap. Streeterville's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's Class A Ordinary Shares beneficially owned by Streeterville as of the date of this filing was 263,286,183 Class A Ordinary Shares, which is 9.99% of the 2,635,497,333 Class A Ordinary Shares outstanding on December 1, 2023, (as reported in the Issuer's Form 424B5 filed on that date).

CUSIP No.

134748102


1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	John M. Fife

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5	SOLE VOTING POWER

			263,286,183

		6	SHARED VOTING POWER



		7	SOLE DISPOSITIVE POWER

			263,286,183

		8	SHARED DISPOSITIVE POWER



9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	263,286,183

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	9.99*%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	IN
	FOOTNOTES

	* John M. Fife is the sole member of Streeterville Management LLC, which is the Manager of reporting person Streeterville. Streeterville has rights under a Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Shares of Canaan,Inc. to own an aggregate number of shares of the Issuer’s Class A Ordinary Shares which, except for a contractual cap on the amount of outstanding shares that Streeterville may own, would exceed such cap. Streeterville's current ownership cap is 9.99%. Thus, the number of shares of the Issuer's Class A Ordinary Shares beneficially owned by Streeterville as of the date of this filing was 263,286,183 Class A Ordinary Shares, which is 9.99% of the 2,635,497,333 Class A Ordinary Shares outstanding on December 1, 2023, (as reported in the Issuer's Form 424B5 filed on that date).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

	Streeterville Capital LLC

Date: December 20, 2023	By:	/s/ John M. Fife
		Name: John M. Fife
		Title: President

	Streeterville Management LLC

Date: December 20, 2023	By:	/s/ John M. Fife
		Name: John M. Fife
		Title: Member

	John M. Fife

Date: December 20, 2023	By:	/s/ John M. Fife
		Name: John M. Fife

Footnotes:

Attention:

Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)