Crypto mining hardware firm says listing and trading remain unaffected as it works to meet minimum bid rule by July.
Photo: Atlas 21
Key Takeaways
- Canaan receives Nasdaq notice after ADS price trades below $1 for 30 consecutive days.
- Company has until July 13, 2026 to regain compliance while shares continue trading.
Canaan Inc, a crypto mining hardware firm, has received a deficiency notice from Nasdaq after the closing bid price of its American depositary shares remained below $1.00 for 30 consecutive business days.
The notice, dated January 14, 2026, cites non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00. Nasdaq said the notification has no immediate impact on the listing or trading of Canaan’s securities