Canaan Inc. Receives Nasdaq Warning for ADS Below $1, Compliance Deadline Set
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Nasdaq Warning: On January 14, 2026, Canaan Inc. received a notice from Nasdaq indicating non-compliance with Listing Rule 5550(a)(2) due to its ADS closing price being below $1 for 30 consecutive business days, which could undermine market confidence and shareholder value.
- Compliance Period: The company has been granted a 180-day compliance period until July 13, 2026, to restore its ADS closing price to above $1; failure to do so may lead to delisting risks, impacting its financing capabilities and market position.
- Remedial Actions: If compliance is not achieved within the period, Canaan may apply for additional time but must pay a $5,000 application fee and meet other listing standards, which could increase financial burdens and affect operational flexibility.
- Ongoing Monitoring: The company intends to continuously monitor the closing price of its ADS and take reasonable measures to regain compliance, demonstrating its commitment to the market and responsibility to shareholders, aiming to maintain investor confidence.
Analyst Views on CAN
Wall Street analysts forecast CAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAN is 2.77 USD with a low forecast of 1.75 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.820
Low
1.75
Averages
2.77
High
4.00
Current: 0.820
Low
1.75
Averages
2.77
High
4.00
About CAN
Canaan Inc. provides high performance computing solutions through its proprietary application-specific integrated circuits (ASICs). The Company is a fabless IC designer engaged in the front-end and back-end of IC design. The Company primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. It has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. It assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. It also intends to engage in Bitcoin mining through self-owned facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
