Canaan Inc. ADS Transferred to Nasdaq Capital Market, Requests Extension of Compliance Deadline

Canaan Inc., a Bitcoin mining company, announced that its American Depositary Shares (ADS) have been transferred from the Nasdaq Global Market to the Nasdaq Capital Market, with the stock code CAN remaining unchanged. The transfer will not affect normal trading. Canaan disclosed that it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement on January 14, 2026, due to the ADS closing price being below $1 for 30 consecutive trading days. The original compliance deadline was set for July 13. After the transfer, Canaan applied for an additional 180-day compliance grace period on July 6, which, if approved, will provide more time to regain compliance. During this period, the company must maintain the ADS closing price at or above $1 for at least 10 consecutive trading days.

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