Canaan Receives Nasdaq Initial Listing Rule Compliance Deficiency Notice
BlockBeats News, January 16, according to the Associated Press, U.S.-listed Bitcoin mining firm Canaan Inc. disclosed that it had received written notice from Nasdaq on January 14, stating that the company was in violation of Nasdaq's listing rule 5550(a)(2) as the closing price of its American Depositary Shares (ADS) had been below $1.00 per share for 30 consecutive trading days. As per the notice, Canaan Inc. must raise the closing price of its American Depositary Shares (ADS) to above $1.00 and maintain it for 10 consecutive trading days by July 13, 2026, to avoid delisting.
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