Canaan Receives Extension to Regain Nasdaq Compliance

Canaan, a bitcoin mining equipment maker listed on the Nasdaq Capital Market under CAN, has received an extension to regain compliance with the exchange's minimum bid-price requirement. The new deadline is January 11, 2027.

Nasdaq first notified Canaan of the deficiency on January 14 and gave it until July 13 to restore compliance. However, after applying to transfer its listing from the Nasdaq Global Market to the Capital Market, Canaan received an extension for another 180 days.

To regain compliance, Canaan's American Depositary Shares (ADS) must have a closing bid price of at least $1 for 10 consecutive business days before the new deadline. If this requirement is met, Nasdaq will provide written confirmation.