Canaan Inc. (CAN) Stock: Faces Nasdaq Delisting Risk as Shares Slip Below $1

TLDR

• Canaan falls below $1, triggering Nasdaq review and a 180-day compliance window.
• The miner must regain a $1 bid for 10 days or risk losing its Nasdaq listing.
• Shares slid near $0.79, extending weak momentum and downside pressure.
• Nasdaq may grant an extension if Canaan meets other listing requirements.
• Management may consider a reverse split if organic recovery fails.

Canaan Inc.(CAN)  began the week under pressure as its share price fell below the Nasdaq threshold and triggered a compliance review. The stock traded around $0.7934 after a mid-session slide, and the weak consolidation signaled persistent downside strain. The development placed the company under a formal timeline to restore its bid price and protect its listing.

Canaan Inc., CAN

Nasdaq Issues Compliance Notice After Extended Price Weakness

Nasdaq informed Canaan that its shares stayed under the US$1 minimum bid for 30 straight business days, and this activated a standard review. The notice carried no immediate trading impact, yet it marked the official start of a 180-day compliance window. The period ends on July 13, 2026, and the company must close at or above US$1 for 10 straight days.

Canaan stated that it would continue tracking its daily closing levels because the requirement sets a clear path to maintain market access. The company also noted that its securities will keep trading during the process, which ensures uninterrupted liquidity. Market observers expect steady updates as the firm works within Nasdaq’s framework.

Nasdaq rules allow an extension when firms meet other listing criteria, and this additional window depends on specific conditions. Canaan must submit a transfer application and pay the required fee before the deadline, and it must confirm that it can correct the price issue. The exchange reviews each case independently and can deny an extension when recovery appears unlikely.

Company Outlines Options as Compliance Deadline Approaches

Canaan confirmed that it plans to consider all reasonable measures because the deadline requires stable gains within a tight price range. The company highlighted that a reverse split may be used if market conditions prevent organic appreciation. This option has been used by several public firms before meeting similar thresholds.

The firm noted that its operational activities remain unchanged, and it continues to focus on its crypto mining hardware business. The notification does not affect existing contracts, and the company maintains normal operations across its product lines. Management reiterated that the listing review only relates to the share price rule.

Canaan operates in a sector that often faces sharp price swings, and the volatility trend remained visible through the trading day. The stock’s latest decline extended a recent pattern of weak momentum, and the technical pressure kept it below the US$1 mark. Analysts note that consistent performance will determine whether the company can stabilize before the July deadline.

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