Canadian cryptocurrency chip manufacturer Canaan Inc. has been issued a warning notice by the Nasdaq for failing to maintain minimum bid prices, potentially jeopardizing its listing on the exchange. The company’s shares have plummeted nearly 54% in the past six months, leading to periods where trading price dipped below $1 for an extended period, resulting in the compliance issue. This notice presents a significant challenge for Canaan as it seeks to maintain its Nasdaq listing and avoid delisting. The company’s chairman and CEO, Nangeng Zhang, is actively working on solutions to address this compliance issue. To remain listed on Nasdaq, Canaan must maintain a $1 closing bid price over 10 consecutive days by November 10th. The company has pledged to take immediate action to ensure adherence to these requirements. The company’s market standing may be significantly impacted by this notice, potentially affecting investor confidence and overall stability. Maintaining the listing is crucial for Canaan to maintain credibility and continue participation in the cryptocurrency market.