Canaan Inc. Announces Plan to Implement ADS Ratio Change
PR Newswire•10/11/2026•06:05 ET
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Key Highlights
- ➤Canaan (CAN) plans 1-for-25 ADS reverse split effective on or about December 4, 2026
- ➤ADS ratio changes from 1:15 to 1:375 Class A ordinary shares
- ➤Company seeks Nasdaq minimum bid-price compliance through the ADS ratio change
- ➤ADSs will continue trading on Nasdaq under ticker CAN
- ➤No ordinary shares will be issued or canceled; business operations remain unaffected
Canaan Inc. Announces Plan to Implement ADS Ratio Change PR Newswire
SINGAPORE, Nov. 10, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in compute and energy infrastructure, today announced that it plans to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from the current ratio of one ADS representing 15 Class A ordinary shares to a new ratio of one ADS representing 375 Class A ordinary shares (the "ADS Ratio Change"), effective on or about December 4, 2026, U.S. Eastern Time (the "Effective Date").
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