Mining company Canaan Technology received an initial warning from Nasdaq for triggering the compliance period.
AI Summary1 min read
TL;DR
Canaan Creative, a Bitcoin mining company, received a Nasdaq warning for its stock price falling below $1 for 30 days. It must raise the price above $1 by July 2026 to avoid delisting.
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BitcoinHalving TokensLayer 1Canaan CreativeNasdaq warningstock price complianceBitcoin miningdelisting risk
According to a report by PR Newswire on January 16th, Canaan Creative, a US-listed Bitcoin mining company, disclosed that it received a written notice from Nasdaq on January 14th, stating that the company violated Nasdaq Listing Rule 5550(a)(2) by closing its American Depositary Shares (ADSs) below US$1.00 per share for 30 consecutive trading days. The notice requires Canaan Creative to raise its ADS closing price to above US$1 by July 13, 2026, and maintain this price for 10 consecutive trading days to avoid delisting.