Canaan ADRs Rise After Company Regains Nasdaq Compliance

Dow Jones

Oct 20

By Kelly Cloonan

American depositary receipts of Canaan climbed after the company regained compliance with the Nasdaq's minimum bid price.

The ADRs gained 32% to $2.11 on Monday and are up 3.3% this year.

The crypto-mining company said Monday the Nasdaq determined the closing bid price of its ADRs met the stock exchange's minimum bid price of $1 apiece or greater for 10 consecutive business days starting Oct. 1.

The Nasdaq now considers the matter closed, the Singapore-based company said.

The company initially received a written notice from the Nasdaq in May after the closing bid price of its ADRs fell below $1 apiece for 30 consecutive business days. At the time, it was granted a 180-day compliance period, or until Nov. 10, to regain compliance.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

October 20, 2025 11:55 ET (15:55 GMT)

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At the time, it was granted a 180-day compliance period, or until Nov. 10, to regain compliance. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 20, 2025 11:55 ET (15:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}