Canaan Inc. transferred its American Depositary Shares (ADSs) from the Nasdaq Global Market to the Nasdaq Capital Market effective July 1, 2026. This move follows a January 14, 2026, notice from Nasdaq regarding non-compliance with the minimum $1.00 bid price requirement. The company's initial 180-day compliance period was set to expire on July 13, 2026. On July 6, 2026, Canaan applied for an additional 180-day extension to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Canaan Inc. is a technology company that designs and manufactures semiconductor chips and mining hardware.
