Sec Form 13G Filing - Streeterville Capital LLC filing for - 2025-05-19

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  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 9.9%. 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 522,900,184 Class A Ordinary Shares, which is 9.9% of the 5,281,820,043 Class A Ordinary Shares outstanding as of December 31, 2024 (as reporting in Issuer's Form 20-F filed April 18, 2025).


SCHEDULE 13G



Comment for Type of 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 9.9%. 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 522,900,184 Class A Ordinary Shares, which is 9.9% of the 5,281,820,043 Class A Ordinary Shares outstanding as of December 31, 2024 (as reporting in Issuer's Form 20-F filed April 18, 2025).


SCHEDULE 13G



Comment for Type of Reporting Person:  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 9.9%. 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 522,900,184 Class A Ordinary Shares, which is 9.9% of the 5,281,820,043 Class A Ordinary Shares outstanding as of December 31, 2024 (as reporting in Issuer's Form 20-F filed April 18, 2025).


SCHEDULE 13G


 
Streeterville Capital LLC
 
Signature:John Fife
Name/Title:President
Date:05/19/2025
 
Streeterville Management, LLC
 
Signature:John Fife
Name/Title:President
Date:05/19/2025
 
John M Fife
 
Signature:John Fife
Name/Title:John Fife
Date:05/19/2025
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