Mining company Canaan receives initial compliance warning notice from Nasdaq
BlockBeats News, January 16, according to PR Newswire, US-listed bitcoin mining company Canaan disclosed that it received a written notice from Nasdaq on January 14, stating that the company violated Nasdaq Listing Rule 5550(a)(2), as its American Depositary Shares ("ADS") had a closing price below $1.00 per share for 30 consecutive trading days. According to the notice, Canaan must raise the closing price of its ADS to above $1 and maintain it for 10 consecutive trading days by July 13, 2026, in order to avoid delisting.
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