Canaan’s ADS Transfers to Nasdaq Capital Market and Applies for Extension of Minimum Bid Price Compliance Period

Odaily Planet Daily News: Bitcoin mining company Canaan Inc. announced that its American Depositary Shares (ADS) have officially transferred from the Nasdaq Global Market to the Nasdaq Capital Market for listing. The stock ticker CAN remains unchanged, and the transfer will not affect its normal trading.

Canaan also disclosed that, due to its ADS closing price being below $1 for 30 consecutive trading days, it received a minimum bid price compliance notice from Nasdaq on January 14, 2026. The original compliance deadline was set for July 13. After the transfer, the company applied for an additional 180-day compliance grace period on July 6. If approved, it will have more time to regain compliance, at which point it will be required to maintain an ADS closing price of at least $1 for at least 10 consecutive trading days within the applicable period. (PRNewswire)