Canaan said its American depositary shares (ADS) have transferred their listing from the Nasdaq Global Market to the Nasdaq Capital Market, with the ticker symbol CAN unchanged. According to Odaily, the company said the move will not affect normal trading.
Canaan also said it received a Nasdaq notice on January 14, 2026, after its ADS closing price remained below $1 for 30 consecutive trading days. The original compliance deadline was July 13.
After the transfer, Canaan said it applied on July 6 for an additional 180-day compliance grace period. If approved, the company would have more time to regain compliance by maintaining an ADS closing price of at least $1 for a minimum of 10 consecutive trading days within the applicable period.
STOCKS | Canaan Moves Nasdaq Listing to Capital Market, Seeks Extended Compliance Period
2026-07-07 11:44:28
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