Benzinga | Sep 14, 2021 05:43AM EDT

Canaan Names New Auditor

* Canaan Inc (NASDAQ:CAN) appointed KPMG Huazhen LLP as its independent auditor, effective September 13, dismissing PricewaterhouseCoopers Zhong Tian LLP.

* The reports of PwC on Canaan's consolidated financial statements as of and for the years ended December 31, 2020, and 2019 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principle.

* Price Action: CAN shares traded higher by 4.38% at $9.05 in the premarket session on the last check Tuesday.