[Canaan Inc. ADS Transferred to Nasdaq Capital Market, Applies for Compliance Extension] According to PRNewswire, Bitcoin mining company Canaan Inc. has transferred its ADS from the Nasdaq Global Market to the Nasdaq Capital Market, with the stock ticker CAN remaining unchanged. Canaan Inc. received a minimum bid price compliance notice from Nasdaq as its ADS closing price was below $1 for 30 consecutive trading days. On July 6, the company applied for an additional 180-day compliance grace period. If approved, it must maintain an ADS closing price of at least $1 for a minimum of 10 consecutive trading days within the extended period.