According to Odaily Planet Daily, Canaan Technology received a notification from NASDAQ on May 13, 2025, stating that its American Depositary Shares had a closing price below $1 for 30 consecutive trading days, which does not comply with listing rule 5550(a)(2). According to rule 5810(c)(3)(A), Canaan Technology must regain compliance by November 10, 2025, meaning that within 180 days, it must have at least 10 consecutive trading days with a closing price at or above $1. The notification from NASDAQ does not have a direct impact on the listing or trading of the company’s securities on NASDAQ.