Nasdaq Warns Canaan Shares Under $1

Canaan Receives Nasdaq Notice for Non-Compliance with Minimum Bid Price

• Canaan Inc, a crypto mining hardware firm, received a deficiency notice from Nasdaq due to its American depositary shares trading below $1.00 for 30 consecutive business days.
• The notice was issued on January 14, 2026, citing non-compliance with Nasdaq Listing Rule 5550(a)(2).
• Nasdaq’s notification does not immediately affect the listing or trading of Canaan’s securities on the Nasdaq Global Market.
• Canaan has until July 13, 2026, to regain compliance by ensuring its ADS price closes at or above $1.00 for at least 10 consecutive business days.
• If compliance is not met by the deadline, Canaan may apply for an additional period after fulfilling specific requirements including a $5,000 fee and potentially conducting a reverse stock split.

Canaan Inc has been notified by Nasdaq of non-compliance due to its shares trading below $1.00 for an extended period. The company has until July 13, 2026, to meet the minimum bid price requirement while continuing to trade on the market.