Crypto miner Canaan gets Nasdaq listing after shares stay below $1 for 30 days
Key receivers
After 30 consecutive days of trading below $1 per ADS, Canaan will receive a Nasdaq listing. The company has until July 13, 2026 to regain compliance while shares resume trading.
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Crypto mining hardware firm Canaan Inc has received a notice of deficiency from the Nasdaq after its US depositary shares closed below $1.00 for 30 consecutive business days.
The notice dated January 14, 2026 cites noncompliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00. Nasdaq said the announcement has no immediate impact on the listing or trading of Canaan's securities, which will continue to trade on the Nasdaq Global Market at the time of compliance.
Canaan is given a 180 calendar day window until July 13, 2026 to regain compliance under Nasdaq rules. To do so, the company's ADSs must close at or above $1.00 for at least 10 consecutive business days.
If Canaan does not return compliance by the deadline, the company may be eligible for an additional compliance period pending Nasdaq approval. This requires filing a transfer application, paying a $5,000 nonrefundable fee, meeting other initial criteria, and proving an intention to cure the deficiency, which could be a reverse stock split.
Canaan said it will continue to monitor its stock price and intends to take reasonable steps to restore compliance. The company made the announcement in accordance with Nasdaq rules that require prompt public disclosure of listing defects.
