Canaan Inc. Receives Nasdaq Compliance Notification

According to Odaily, Canaan Inc. received a written notice from the Nasdaq Stock Market on May 13, 2025, indicating non-compliance with Nasdaq Listing Rule 5550(a)(2). The notice stated that the closing price of the company's American Depositary Shares (ADS) had fallen below $1.00 per share for 30 consecutive business days. Under Nasdaq Listing Rule 5810(c)(3)(A), Canaan Inc. has been granted a compliance period of 180 calendar days, until November 10, 2025, to meet the minimum bid price requirement. To regain compliance, the closing price of its ADS must be at or above $1.00 per share for at least 10 consecutive business days within this period. The Nasdaq notification does not directly affect the listing or trading of the company's securities on the exchange.