RegulatoryJul 15, 2026, 09:17 AM
Canaan Gets 180-Day Nasdaq Extension for Minimum Bid Price
AI Summary
Canaan Inc. announced it has received an additional 180-day period from Nasdaq to regain compliance with the minimum bid price requirement. The new deadline is January 11, 2027, to maintain a closing bid price of at least US$1.00 per share for ten consecutive business days. This follows an initial notification in January 2026 and the company's subsequent transfer to the Nasdaq Capital Market.
Key Highlights
- Canaan Inc. received an additional 180-day compliance period from Nasdaq.
- New deadline to regain compliance with the minimum bid price requirement is January 11, 2027.
- The minimum bid price requirement is US$1.00 per share.
- Initial notification was received on January 14, 2026, with a period until July 13, 2026.
- Company transferred its listing to the Nasdaq Capital Market, effective July 1, 2026.
- The company's ADSs will continue to trade on the Nasdaq Capital Market under "CAN".
Price Impact
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