The company’s ADS shares continue to trade under the ticker CAN without interruption. This transfer allows Canaan to maintain its listing status while navigating a period of financial volatility. Nasdaq previously issued a notice on January 14, 2026, after the stock price lingered below the US$1.00 threshold for 30 consecutive business days. Canaan’s initial compliance window was set to expire on July 13, 2026.

Following the transfer, the firm submitted an application for an extension on July 6, 2026. If granted, the company must ensure its closing bid price remains at or above US$1.00 for at least 10 consecutive business days to return to full standing. Nangeng Zhang, chairman and CEO of Canaan, stated that the shift provides the firm with maximum flexibility to execute its long-term strategy, which emphasizes a convergence of AI and energy-efficient compute hardware.