Canaan Inc. Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance

Reuters

Jan 16

Canaan Inc. Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance

Canaan Inc. has received a notice from the Nasdaq Stock Market indicating that its American depositary shares (ADSs) have closed below $1.00 per share for 30 consecutive business days, putting the company out of compliance with Nasdaq Listing Rule 5550(a)(2). Canaan has until July 13, 2026, to regain compliance by having its closing bid price meet or exceed $1.00 per share for at least 10 consecutive business days. If compliance is not regained within this period, Canaan may apply for an extension and potentially effect a reverse stock split to meet requirements. Failure to comply could result in the delisting of its securities from Nasdaq.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN65008) on January 16, 2026, and is solely responsible for the information contained therein.

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Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. has received a notice from the Nasdaq Stock Market indicating that its American depositary shares (ADSs) have closed below $1.00 per share for 30 consecutive business days, putting the company out of compliance with Nasdaq Listing Rule 5550(a)(2). Canaan has until July 13, 2026, to regain compliance by having its closing bid price meet or exceed $1.00 per share for at least 10 consecutive business days. 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Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-16 22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. 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