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Canaan Inc. ADS transfers to Nasdaq Capital Market and applies for extension of minimum bid price compliance period.
Deep TechFlow News, July 7 – According to PRNewswire, Bitcoin mining company Canaan Inc. announced that its American Depositary Shares (ADS) have been officially transferred from the Nasdaq Global Market to the Nasdaq Capital Market for listing, with the stock ticker CAN remaining unchanged. The transfer will not affect normal trading.
Canaan also disclosed that, due to its ADS closing price being below $1 for 30 consecutive trading days, it received a Nasdaq minimum bid price compliance notification on January 14, 2026, with the original compliance period ending July 13. After the transfer, it applied for an additional 180-day compliance grace period on July 6. If approved, it will have more time to regain compliance, requiring the ADS closing price to remain at or above $1 for at least 10 consecutive trading days within the applicable period.