TechFlow news — On January 16, according to PRNewswire, Nasdaq-listed Bitcoin mining company Canaan Inc. disclosed that it received a written notice from Nasdaq on January 14, indicating the company is not in compliance with Nasdaq Listing Rule 5550(a)(2). The notice states that the closing bid price of its American Depositary Shares (ADS) has been below $1.00 per share for 30 consecutive trading days. According to the notification, Canaan must regain compliance by July 13, 2026, by raising the closing price of its ADS to above $1.00 per share and maintaining it at that level for 10 consecutive trading days to avoid delisting.
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