Svmuu News Bitcoin Mining company Canaan Inc. announced that its American Depositary Shares (ADS) have officially been transferred from the Nasdaq Nasdaq Global Market to the Nasdaq Nasdaq Capital Market. The ticker symbol CAN remains unchanged, and the transfer will not affect normal trading.
Canaan also disclosed that, after its ADS closing price fell below $1 for 30 consecutive trading days, it received a minimum share price compliance notice on January 14, 2026, from Nasdaq. The original compliance period was set to expire on July 13,Following the transfer, the company applied on July 6 for an additional 180-day compliance grace period. If approved, it will have more time to regain compliance; at that time, it will need to maintain an ADS closing price of at least $1 for at least 10 consecutive trading days within the applicable period. (PRNewswire)
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Canaan Technology’s ADSs Have Been Transferred to the Nasdaq Capital Market, and the Company Has Applied for an Extension of the Minimum Share Price Compliance Period
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