Canaan (CAN) received a notice from Nasdaq for noncompliance with minimum bid requirements.
To regain compliance, the closing bid price of American depositary shares must at least be $1 for at least 10 consecutive business days by Nov. 10, the company said Friday in a statement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.