Overview
- Canaan disclosed a January 14 notice from Nasdaq for failing to maintain the $1 minimum bid under Listing Rule 5550(a)(2), its second such warning in less than a year.
- The company has until July 13, 2026 to record a closing bid at or above $1 for at least 10 consecutive trading days to regain compliance.
- Shares continue to trade on the Nasdaq Global Market during the review period, with the last close above $1 recorded on November 28, 2024.
- Management said it will monitor the price and consider measures to cure the deficiency, including a possible reverse stock split and the option to request an extension.
- Failure to satisfy Nasdaq could lead to delisting and a move to over-the-counter trading, as mining-rig demand remains pressured by post-halving economics and a shift toward AI compute.