Canaan's stock price has remained below $1 for 30 consecutive trading days, receiving a compliance notice from Nasdaq.
Foresight News reported that Canaan received a notice from the Nasdaq Stock Market on January 14, stating that its American Depositary Shares had closed below $1 per share for 30 consecutive trading days, failing to meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). This notice currently does not have an immediate impact on the listing or trading of Canaan securities on Nasdaq. According to Nasdaq rules, Canaan has a 180-day compliance period (until July 13, 2026) to regain compliance with the minimum share price requirement. During this period, if the closing price of the company's ADS reaches or exceeds $1 per share for at least 10 consecutive trading days, Nasdaq will confirm its compliance has been restored. Canaan stated that it will continue to monitor its share price and take measures to regain compliance.
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