TechFlow News, July 7, according to PRNewswire, Bitcoin mining company Canaan Inc. announced that its American Depositary Shares (ADS) have officially been transferred from the Nasdaq Global Market to the Nasdaq Capital Market for listing, the stock ticker CAN remains unchanged, and the transfer will not affect its normal trading.
Canaan Inc. also disclosed that previously, due to the ADS closing price being below $1 for 30 consecutive trading days, it received a Nasdaq minimum bid price compliance notification on January 14, 2026; the original compliance deadline was July 13, and after the transfer, it applied for an additional 180-day compliance grace period on July 6. If approved, it will have more time to regain compliance, at which point it will need to maintain an ADS closing price of no less than $1 for at least 10 consecutive trading days within the applicable period.
