Canaan Inc. announced a reverse split of its American depositary shares (ADS) at a ratio of 1-for-25, effective December 4, 2026. This means every 25 existing ADSs will be exchanged for one new ADS, aiming to comply with Nasdaq's minimum bid price requirement. The change will not affect the company's underlying shares or business operations but is expected to increase the ADS trading price proportionally. JPMorgan Chase Bank will handle the exchange process, and the ADS will continue trading under the ticker "CAN."
Canaan Inc.'s planned ADS reverse split is noted here alongside Technology-sector market data from Pluang. For readers following this sector, as of Nov 10, 2026 18:12 WIB, 51 of 150 priced US tech stocks rose while 89 fell. Notable movers include STM at USD 45.36 with a 1.84% gain and 100% buy activity, AXTI at USD 41.93 down 2.28%, and IONQ at USD 34.55 down 2.24%.
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