US EditionCanaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements
- Canaan Inc., a technology company specializing in crypto mining, received a notice from Nasdaq on May 13, 2025, regarding minimum bid price noncompliance.
- The notice stated that Canaan's American depositary shares closed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550.
- Nasdaq has given Canaan until November 10, 2025, to meet the minimum bid price rule, requiring the company's shares to close at or above $1.00 for a minimum of 10 consecutive trading days within this timeframe.
- If Canaan fails to regain compliance by the deadline, it may request an additional 180-day period by meeting other listing standards and notifying Nasdaq of its intent to cure the deficiency.
- During the compliance period, Canaan’s shares will continue trading on Nasdaq unchanged, while the company will monitor the bid price and take measures to restore compliance.
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The Courier-Tribune+57 Reposted by 57 other sources
Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements
SINGAPORE, May 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq")…
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