Crypto mining firm Canaan gets Nasdaq notice after shares stay below $1 for 30 days
Crypto Briefing
Canaan received a Nasdaq notice for failing to maintain a minimum bid price of $1.00 for 30 consecutive days.Summary
Crypto mining hardware firm Canaan Inc. received a deficiency notice from Nasdaq because the closing bid price of its American depositary shares (ADS) remained below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). This notice does not immediately affect the listing or trading of its securities. Canaan has until July 13, 2026, to regain compliance by having its ADS price close at or above $1.00 for at least 10 consecutive business days. The company stated it intends to take reasonable measures to restore compliance.
(Source：Crypto Briefing)