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Canaan Transfers ADS to Nasdaq Capital Market, Applies for 180-Day Compliance Extension on July 6

GateNews
According to Odaily, bitcoin mining company Canaan announced that its American Depositary Shares (ADS) have been transferred from Nasdaq Global Market to Nasdaq Capital Market on July 6, with stock ticker CAN remaining unchanged. The transfer will not affect normal trading. Canaan also disclosed that after its ADS closing price fell below $1 for 30 consecutive trading days, it received a Nasdaq minimum stock price compliance notice on January 14, 2026. With the original compliance deadline set for July 13, the company applied for an additional 180-day grace period on July 6. If approved, Canaan will have extended time to restore compliance, during which it must maintain an ADS closing price of at least $1 for at least 10 consecutive trading days.
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