Key Takeaways
- Canaan receives Nasdaq discover after ADS value trades under $1 for 30 consecutive days.
- Firm has till July 13, 2026 to regain compliance whereas shares proceed buying and selling.
Share this text
Canaan Inc, a crypto mining {hardware} agency, has obtained a deficiency discover from Nasdaq after the closing bid value of its American depositary shares remained under $1.00 for 30 consecutive enterprise days.
The discover, dated January 14, 2026, cites non-compliance with Nasdaq Itemizing Rule 5550(a)(2), which requires a minimal bid value of $1.00. Nasdaq stated the notification has no quick affect on the itemizing or buying and selling of Canaan’s securities, which can proceed to commerce on the Nasdaq International Market throughout the compliance interval.
Below Nasdaq guidelines, Canaan has been granted a 180 calendar day window, by means of July 13, 2026, to regain compliance. To take action, the corporate’s ADS value should shut at or above $1.00 for at the very least 10 consecutive enterprise days inside that interval.
If Canaan doesn’t regain compliance by the deadline, the corporate could also be eligible for an extra compliance interval, topic to Nasdaq approval. This might require submitting a switch utility, paying a $5,000 non refundable price, assembly different preliminary itemizing requirements, and confirming its intent to remedy the deficiency, doubtlessly by means of a reverse inventory cut up.
Canaan stated it would proceed monitoring its share value and intends to take affordable measures to revive compliance. The corporate disclosed the discover in accordance with Nasdaq guidelines requiring immediate public disclosure of itemizing deficiencies.
