Canaan Inc. has regained compliance with Nasdaq's minimum share price listing requirements
Time:2025-10-16 09:38 Source:InternetCopy share
Odaily Planet Daily News: Canaan Inc. announced that it has received a written compliance notice from the Nasdaq Stock Market LLC Listing Qualifications Department dated October 15, 2025, confirming that the company's American Depositary Shares (ADSs) have regained compliance with the minimum closing price requirement of US$1.00 per share (the "Minimum Stock Price Requirement") as set forth in Nasdaq Listing Rule 5450(a)(1). Nasdaq has determined that the closing price of Canaan Inc.'s ADSs was not less than US$1.00 for ten consecutive trading days from October 1 to October 15, 2025. Therefore, the matter has been closed and the company has returned to full compliance. (PRNewswire)