BlockBeats News: On January 16, according to a press release from PR Newswire, Canaan Inc., a Bitcoin mining company listed on the NASDAQ, disclosed that it had received a written notice from NASDAQ on January 14. The notice stated that the company violated NASDAQ Listing Rule 5550(a)(2), as the closing price of its American Depositary Shares (ADS) had remained below $1.00 per share for 30 consecutive trading days. According to the notice, Canaan Inc. must raise the closing price of its ADS above $1.00 and maintain it for 10 consecutive trading days by July 13, 2026, to avoid delisting.
Canaan Inc. Receives Nasdaq Compliance Notice Regarding Minimum Price Requirement
KuCoinFlashShare
Summary
Canaan Inc. received a Nasdaq compliance notice on January 14 for failing to meet the minimum price requirement. The company's ADS closed below $1.00 for 30 consecutive trading days. It has until July 13, 2026, to raise the price above $1.00 for 10 consecutive days. The price of Bitcoin remains under pressure today, with some analysts providing Bitcoin price prediction scenarios that could impact miner valuations.
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