Canaan’s Stock Plunge: A $1 Delisting Drama Unfolds 🚨
Last week, Canaan issued a statement that probably made investors groan louder than a dial-up modem. They confirmed receiving a formal “you’re failing” letter from Nasdaq about violating Listing Rule 5550(a)(2)-the rule that demands a $1.00 closing bid price for 30 straight business days. Because nothing says “stability” like a stock that can’t even hit a dollar. 💸


