According to a report by PRNewswire, Nasdaq-listed Bitcoin mining company Canaan Creative disclosed that it received a written notice from Nasdaq on January 14th, stating that the company violated Nasdaq Listing Rule 5550(a)(2) by closing its American Depositary Shares (ADSs) below $1.00 per share for 30 consecutive trading days. The notice requires Canaan Creative to raise its ADS closing price to above $1 by July 13, 2026, and maintain this price for 10 consecutive trading days to avoid delisting.
Nasdaq issued a written notice to Bitcoin mining company Canaan Technology, alleging that it violated listing rules.
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