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Canaan Inc. received a notice from Nasdaq stating that its American depositary shares (ADSs) had a closing bid price below $1.00 per share for 30 consecutive business days. The company has been granted a 180-calendar-day compliance period to regain compliance with Nasdaq Listing Rule 5550(a)(2). To do so, the ADSs must meet or exceed $1.00 per share for at least 10 consecutive business days.
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