The company’s ADS shares continue to trade under the ticker CAN without interruption. This transfer allows Canaan to maintain its listing status while navigating a period of financial volatility. Nasdaq previously issued a notice on January 14, 2026, after the stock price lingered below the US$1.00 threshold for 30 consecutive business days. Canaan’s initial compliance window was set to expire on July 13, 2026.
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Canaan Shifts to Nasdaq Capital Market Amid Compliance Push
Canaan Inc. has officially moved its American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market, a transition effective as of July 1, 2026. The move comes as the crypto mining firm seeks an additional 180-day grace period to resolve ongoing failures to meet minimum bid price requirements.
Following the transfer, the firm submitted an application for an extension on July 6, 2026. If granted, the company must ensure its closing bid price remains at or above US$1.00 for at least 10 consecutive business days to return to full standing. Nangeng Zhang, chairman and CEO of Canaan, stated that the shift provides the firm with maximum flexibility to execute its long-term strategy, which emphasizes a convergence of AI and energy-efficient compute hardware.
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