PANews reported on January 16 that, according to PRNewswire, cryptocurrency mining rig manufacturer Canaan Inc. (NASDAQ: CAN) received a notice from Nasdaq that its ADSs had closed below $1 for 30 consecutive trading days, violating the minimum bid price requirement. The company has been granted a 180-day grace period until July 13, 2026, during which its share price must return to above $1 for 10 consecutive trading days to restore compliance. Failure to meet this requirement or submit a remedial plan could result in delisting.
Canaan Technology received a delisting warning from Nasdaq due to its stock price falling below $1, and must restore compliance within 180 days.
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