Canaan , a technology innovator in the crypto mining sector, has announced that it received a notice from Nasdaq Stock Market LLC on January 14, 2026, regarding non-compliance with Nasdaq’s minimum bid price requirement. The notification was issued after the closing bid price of the Company’s American depositary shares remained below US$1.00 for 30 consecutive business days.
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Canaan emphasized that the notice has no immediate impact on the listing or trading of its ADSs on Nasdaq. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-day compliance period, extending through July 13, 2026, to regain compliance. To do so, Canaan’s ADSs must close at or above US$1.00 per share for at least 10 consecutive business days during this period.
If the Company does not meet the requirement by the July deadline, it may be eligible for an additional compliance extension, subject to Nasdaq’s review. To qualify, Canaan would need to submit a transfer application, pay a US$5,000 non-refundable fee, and demonstrate that it meets all other initial listing standards, excluding the bid price requirement. The Company would also need to confirm its intention to address the deficiency, which could include implementing a reverse stock split if necessary.
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Nasdaq will evaluate whether Canaan is reasonably able to regain compliance during any extended period. If Nasdaq determines that the Company cannot cure the deficiency, or if Canaan chooses not to pursue the additional compliance process, Nasdaq would then issue a notice indicating that the Company’s securities may be subject to delisting.
Canaan stated that it will continue to closely monitor the trading price of its ADSs and take appropriate actions to regain compliance with Nasdaq’s minimum bid price requirement. Throughout the compliance period, the Company’s ADSs will remain listed and continue trading on the Nasdaq Global Market without interruption.
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The disclosure was made in accordance with Nasdaq Listing Rule 5810(b), which requires timely public notification when a listed company receives a deficiency notice.
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