Canaan Inc. Faces Nasdaq Delisting Risk Over Low Share Price

2026-01-16 22:32

Canaan Inc., a Bitcoin mining firm listed on NASDAQ, has received a compliance notice from the exchange for failing to meet the minimum price requirement. The notice, dated January 14, indicates that Canaan's American Depositary Shares (ADS) have closed below $1.00 for 30 consecutive trading days, breaching NASDAQ Listing Rule 5550(a)(2). To avoid delisting, Canaan must elevate its ADS closing price above $1.00 and sustain it for at least 10 consecutive trading days by July 13, 2026. The company is now tasked with addressing this issue to maintain its NASDAQ listing status.

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