Odaily Planet News: NASDAQ-listed Bitcoin mining company Canaan Inc. disclosed that it received a written notice from NASDAQ on January 14, stating 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. (PRNewswire)
Nasdaq Notifies Bitcoin Miner Canaan of Potential Delisting
KuCoinFlashShare
Summary
Bitcoin news broke on January 14 as Nasdaq-listed miner Canaan received a notice of potential delisting. The company's ADS closed below $1.00 for 30 consecutive days, violating Nasdaq rules. Canaan has until July 13, 2026, to raise and maintain the price above $1.00 for 10 consecutive days. Bitcoin analysis suggests the move reflects ongoing market volatility and regulatory scrutiny.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.