Odaily Planet Daily News: Canaan Technology received a written notice from the Nasdaq Stock Market on May 13, 2025, stating that the company did not comply with Nasdaq Listing Rule 5550 (a) (2) because the closing price of its American depositary shares was less than US$1.00 per share for the past 30 consecutive business days. According to Nasdaq Listing Rule 5810 (c) (3) (A), Canaan Technology is allowed to re-comply with the minimum purchase price requirement within the 180-calendar-day compliance period (i.e. before November 10, 2025), that is, the closing price of its American depositary receipts must reach or exceed US$1.00 per share for at least 10 consecutive business days within the 180-calendar-day compliance period. It is reported that Nasdaq's notification letter has no direct impact on the listing or trading of the company's securities on Nasdaq. (PRNewswire)