RegulatoryJul 6, 2026, 05:27 PM
Canaan Transfers to Nasdaq Capital Market; Seeks Bid Price Extension
AI Summary
Canaan Inc. announced the transfer of its American Depositary Shares (ADSs) listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective July 1, 2026. This move follows the company's non-compliance with Nasdaq's minimum bid price requirement, which necessitated the transfer to secure an extended compliance period. Canaan has applied for an additional 180-day period to regain compliance by maintaining a closing bid price of at least US$1.00 for 10 consecutive business days.
Key Highlights
- Canaan Inc. transferred its ADSs listing from Nasdaq Global Market to Nasdaq Capital Market.
- The transfer became effective on July 1, 2026, under the existing ticker symbol "CAN".
- The company was previously non-compliant with Nasdaq's minimum bid price requirement of US$1.00.
- Initial compliance period was granted until July 13, 2026.
- Canaan applied for an additional 180-day compliance period on July 6, 2026.
- To regain compliance, ADSs must maintain a closing bid price of at least US$1.00 for 10 consecutive business days.
Price Impact
More from CAN