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SINGAPORE, Oct. 16, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has received a written compliance notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated October 15, 2025, notifying the Company that it has regained compliance with the minimum bid price of US$1.00 per American depositary share ("ADS") requirement set forth under the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement").
On October 15, 2025, Nasdaq determined that for the last 10 consecutive business days, from October 1 to October 15, 2025, the closing bid price of the Company's ADSs has been at US$1.00 per ADS or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and Nasdaq considers this matter now closed.
Posted In: CAN
