Overview
- The company received a Nasdaq deficiency notice on Jan. 14 after its ADS closing bid stayed below $1 for 30 consecutive business days.
- Canaan has until July 13, 2026 to regain compliance by achieving a closing bid of at least $1 for 10 consecutive trading days.
- The notice has no immediate effect on the listing, and the ADSs will continue trading on the Nasdaq Global Market during the compliance period.
- If the deadline is missed, Canaan may seek an extension by filing a Transfer Application, paying a $5,000 fee, meeting other standards, and potentially executing a reverse stock split.
- Shares recently traded around $0.79, following a brief October boost from a 50,000-unit Avalon A15 Pro order and a December exit by major holder Streeterville Capital.