Canaan (CAN) received an additional 180-day period through Jan. 11, 2027, from Nasdaq to regain compliance with the exchange's $1 minimum bid price requirement, the company said Wednesday.

The company said it will regain compliance if its American depositary shares close at or above $1 for 10 consecutive business days during the extended compliance period.

Canaan shares were up 3.5% in premarket activity.