Nasdaq Minimum Bid Price Requirement
Crypto mining hardware manufacturer Canaan Inc. has received a warning from Nasdaq after its share price fell below the exchange’s minimum listing requirement. This development puts the company at risk of potential delisting if it fails to recover within the allotted timeframe.
The company's stock has declined approximately 63% over the past 12 months, reflecting broader pressure across the crypto mining sector.
Notification and Compliance Period
In a statement released on Friday, Canaan announced that it received a written notice from Nasdaq Stock Market LLC on January 14, 2026. The notice informed the company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2).
This rule mandates that listed securities must maintain a minimum closing bid price of $1.00 per share. Canaan’s American depositary shares (ADSs) have remained below this threshold for 30 consecutive business days.
The notification from Nasdaq does not result in the immediate suspension or delisting of Canaan’s securities. Instead, the company has been granted a 180-calendar-day compliance period, which extends until July 13, 2026, to regain compliance.
Path to Compliance
To meet the minimum bid price requirement, Canaan’s ADSs must close at or above $1.00 for at least 10 consecutive business days during the compliance window.
If Canaan is unable to restore its share price by the deadline, the company may be eligible for an additional compliance period. This would be subject to Nasdaq’s approval.
To qualify for an extended period, Canaan would need to submit a transfer application, pay a $5,000 non-refundable fee, and confirm its intention to address the deficiency. This could potentially involve a reverse stock split. Nasdaq will then assess whether the company is reasonably capable of curing the issue.
Company's Response and Trading Status
Canaan has stated its intention to closely monitor its ADS closing bid price and to take “all reasonable measures” necessary to regain compliance.
During the compliance period, the company’s shares will continue to trade on the Nasdaq Global Market without interruption.
This disclosure was made in accordance with Nasdaq Listing Rule 5810(b), which requires companies to promptly inform investors of any listing deficiency notices.

