Canaan Gets Nasdaq Warning After Shares Trade Under $1 For 30 Days

TLDR

Table of Contents

Canaan traded under $1 for 30 days, breaching Nasdaq’s minimum bid rule.
Nasdaq gave Canaan until July 13, 2026, to meet listing standards.
Shares can stay listed during the 180-day compliance window.
A reverse stock split may be used if Canaan fails to recover price.

Crypto mining hardware firm Canaan Inc. has received a notice from Nasdaq after its American depositary shares (ADS) traded below $1.00 for 30 consecutive business days. The company must now work to regain compliance with the minimum bid price rule to avoid possible delisting.

Nasdaq Issues Warning Over Share Price Rule

Canaan Inc., a company that manufactures crypto mining hardware, announced it has received a deficiency notice from Nasdaq. The notification was sent after the closing bid price of its American depositary shares (ADS) stayed below $1.00 for 30 straight business days.

🚨Penny Stock Alert 🚨
Sticker: $CAN
Stock Price: $0.90
MC: $594.93M
Revenue: $518.57M (93% up) EPS: -0.36
Expected revenue next year: $736.01M EPS: 0
Short % of Shares Out: 6.13%
Owned by
Insiders: 5.67%
Institutions: 14.57%
Analyst PT: $3.60 (+300%)
Canaan Inc.… pic.twitter.com/HkAA2JrOmk
— Gublo (@Gubloinvestor) January 14, 2026

This triggers a breach of Nasdaq Listing Rule 5550(a)(2), which sets a $1.00 minimum closing bid requirement. The notice was dated January 14, 2026, and issued as part of Nasdaq’s routine monitoring of listed securities.

180-Day Compliance Period Provided

Canaan’s securities will continue to trade on the Nasdaq Global Market while the company works to regain compliance. Under Nasdaq’s rules, the company has 180 calendar days—until July 13, 2026—to raise its share price above the required level.

To regain compliance, Canaan’s ADS must close at or above $1.00 for a minimum of 10 consecutive business days within this period. If this happens, Nasdaq will confirm that the company is back in compliance with the listing rule.

Options Available if Compliance Is Not Regained

If Canaan does not meet the rule by July 13, 2026, it may qualify for an additional 180-day period. However, this extension is not automatic and will require meeting specific conditions. These include filing a transfer application to the Nasdaq Capital Market and paying a $5,000 non-refundable fee.

Canaan would also need to meet all other initial listing standards, except for the minimum bid price. The company must also confirm its plan to fix the price issue, which may include a reverse stock split to raise the share price.

Canaan Plans to Monitor Price and Take Action

In a public statement, Canaan said it would closely monitor its ADS price and take reasonable actions to restore compliance with Nasdaq’s rule. The company did not announce any immediate changes to its business strategy or trading status.

“The notification has no immediate effect on the listing or trading of the company’s securities,” Canaan stated. The firm disclosed the notice as required under Nasdaq’s rules, which demand timely public updates regarding listing deficiencies.