Canaan risks Nasdaq delisting as shares trade below $1 for the second time in a year

cryptonews16:12

Canaan Inc. is at risk of a Nasdaq delisting as it has fallen below the exchange’s minimum bid price threshold for the second time over the past 12 months. Shares for the Bitcoin mining hardware maker...

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Shares for the Bitcoin mining hardware maker...</p>\n\n<a href=\"https://crypto.news/canaan-risks-nasdaq-delisting-as-shares-trade-below-1-for-the-second-time-in-a-year/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canaan risks Nasdaq delisting as shares trade below $1 for the second time in a year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanaan risks Nasdaq delisting as shares trade below $1 for the second time in a year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-19 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/canaan-risks-nasdaq-delisting-as-shares-trade-below-1-for-the-second-time-in-a-year/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canaan Inc. is at risk of a Nasdaq delisting as it has fallen below the exchange’s minimum bid price threshold for the second time over the past 12 months. Shares for the Bitcoin mining hardware maker...</p>\n\n<a href=\"https://crypto.news/canaan-risks-nasdaq-delisting-as-shares-trade-below-1-for-the-second-time-in-a-year/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09042","symbol_name":"华夏比特币-U","start_time":0,"source_url":"https://crypto.news/canaan-risks-nasdaq-delisting-as-shares-trade-below-1-for-the-second-time-in-a-year/","article_id":"2604898321","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/canaan-risks-nasdaq-delisting-as-shares-trade-below-1-for-the-second-time-in-a-year/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2604898321","pubTimestamp":1768810328,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Canaan Inc. has received a second Nasdaq non-compliance notice in less than a year for trading below the $1 minimum bid price.The company has until July 13, 2026, to lift its share price above $1 for 10 consecutive trading days or face potential delisting.Shares closed at $0.79 on Friday, down more than 63% over the past 12 months.Canaan announced the latest warning in a statement last week, confirming that it had received a formal notice from Nasdaq regarding its non-compliance with Nasdaq Listing Rule 5550, which mandates that a company’s stock must maintain a closing bid price of at least $1.00 for 30 consecutive business days.Back in May, the company had received a similar warning for falling out of compliance with the same rule, but had managed to resolve the non-compliance issue within the given timeframe. Canaan’s stock price surged nearly 25% to hit a 9-month high of $2.05 in October after it disclosed its largest order in over three years for its Avalon A15 Pro mining rigs.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","09042":"华夏比特币-U","03008":"博时比特币","03042":"华夏比特币ETF","BK4595":"比特币概念","09008":"博时比特币-U","CAN":"嘉楠科技","BK4526":"热门中概股","BK4588":"碎股","BK4600":"加密货币概念","BK4585":"ETF&股票定投概念","BK4601":"加密货币现货ETF","BK4170":"电脑硬件、储存设备及电脑周边","03439":"嘉实比特币","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","09439":"嘉实比特币-U"},"translate_title":"嘉楠耘智股价一年内第二次跌破1美元，面临纳斯达克退市风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03042":0.65,"09042":0.65,"09439":0.65,"03008":0.65,"03439":0.65,"09008":0.65,"CAN":1.98},"content_text":"Canaan Inc. is at risk of a Nasdaq delisting as it has fallen below the exchange’s minimum bid price threshold for the second time over the past 12 months. Shares for the Bitcoin mining hardware maker were down over 63% during this period.\n\n\nSummary\n\n\n\nCanaan Inc. has received a second Nasdaq non-compliance notice in less than a year for trading below the $1 minimum bid price.\nThe company has until July 13, 2026, to lift its share price above $1 for 10 consecutive trading days or face potential delisting.\nShares closed at $0.79 on Friday, down more than 63% over the past 12 months.\n\n\n\nCanaan announced the latest warning in a statement last week, confirming that it had received a formal notice from Nasdaq regarding its non-compliance with Nasdaq Listing Rule 5550(a)(2), which mandates that a company’s stock must maintain a closing bid price of at least $1.00 for 30 consecutive business days.\n“The Company intends to continue monitoring the closing bid price of its ADSs and will take all reasonable measures in order to regain compliance with the Nasdaq minimum bid price requirement,” the firm said, adding that until then, Canaan shares will “continue to be listed and trade on the Nasdaq Global Market during the compliance period, unaffected by the receipt of the Notice from Nasdaq.”\nCanaan must reclaim $1 by July\nNasdaq has given the company 180 days, or until July 13, 2026, to regain compliance with the listing requirement, as is the norm. During this period, Canaan would have to ensure that its share price closes at or above $1 for 10 trading days in a row, a level it lost on Nov. 28.\nIf the company is unable to meet the requirement by July 13, 2026, Nasdaq may grant Canaan an additional 180-day extension to bring its share price back above the minimum threshold, the announcement noted.\nCanaan would have to consider “effecting a reverse stock split if necessary” to boost its share price. That would involve reducing the number of outstanding shares in order to increase the per-share price of the remaining stock.\n“As part of its review process, the staff of Nasdaq will make a determination of whether Nasdaq believes the Company will be able to cure this deficiency. Should the staff of Nasdaq conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a transfer application or make the required representation, Nasdaq will provide notice that the Company’s securities will be subject to delisting,” Canaan said.\nCanaan shares were down over 3.8% as of Friday, trading at $0.79, which means the stock must rise roughly 27% to meet the $1 threshold.\nBack in May, the company had received a similar warning for falling out of compliance with the same rule, but had managed to resolve the non-compliance issue within the given timeframe. Canaan’s stock price surged nearly 25% to hit a 9-month high of $2.05 in October after it disclosed its largest order in over three years for its Avalon A15 Pro mining rigs.\nBitcoin miners in peril\nBitcoin-mining companies like Canaan have come under pressure, especially after the last Bitcoin halving, which reduced block rewards. At the same time, Bitcoin’s underwhelming performance over the past few months has forced miners to operate on extremely thin or even negative margins. \nCanaan is not the only crypto-linked firm that has drawn Nasdaq scrutiny during this time. Last month, Kindly MD, a Bitcoin treasury-focused company, received a similar warning for trading below the minimum bid price requirement.\n\n\n\n\n\n                Read more:\n            \n\n                Binance Australia resumes AUD deposits and withdrawals after two years","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604898321","isCrawlerRequest":true}