Canaan Inc. received a notice from Nasdaq regarding the minimum bid price requirement

WuShuo has learned that Canaan Inc. has received a notification from Nasdaq stating that the closing price of its American Depositary Shares ($ADS) has been below $1.00 per share for 30 consecutive trading days, failing to meet Nasdaq Listing Rule 5550(a)(2)'s minimum bid price requirement. The company has a 180-calendar-day grace period (until November 12, 2025) to regain compliance by ensuring that the closing price of its $ADS is at or above $1.00 for any 10 consecutive trading days. If it fails to regain compliance within the grace period, Canaan may face delisting risk.