Canaan (Nasdaq: CAN), a China-based Bitcoin (BTC) mining and mining hardware company, received a written notice from the Nasdaq Stock Market LLC on May 13 for failing to comply with Listing Rule 5550(...

Canaan (Nasdaq: CAN), a China-based Bitcoin (BTC) mining and mining hardware company, received a written notice from the Nasdaq Stock Market LLC on May 13 for failing to comply with Listing Rule 5550(a)(2), according to a PR Newswire press release. The closing bid price of its American depositary shares (ADSs) had stayed below $1 for 30 consecutive business days.

Under Nasdaq Listing Rule 5810(c)(3)(A), Canaan has been granted a 180-calendar-day compliance period until November 10, 2025, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive trading days.

Canaan gets Nasdaq notice for failing to meet $1 minimum bid price

Original Author | Keegan Xiaogang Original Link:
My First Web3 Startup: From Building a DEX Team to a Funding Crisis. Disclaimer: This article is a reprint. Wu Blockchain has been authorized by the author to reprint it. Readers can obtain more information through the original link. This reprint is for informational purposes only and does not constitute any investment advice, nor does it represent Wu Blockchain views or positions.
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I reviewed the technical content I've shared over the past few years and clarified my future direction: no longer focusing solely on "explaining the technology," but rather hoping to adopt a Builder's perspective, reviewing past projects I've worked on...

My first startup on Web3: From high morale to funding shortage and project dissolution

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