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Stock impact report

Nasdaq Warns Bitcoin Hardware Maker Canaan About Delisting [Yahoo! Finance]

Kindly MD, Inc. (NAKA) 
Company Research Source: Yahoo! Finance
The company now has until July to raise its share price above $1 for at least 10 consecutive days to escape being delisted, it said in a press release Friday. If the company fails to achieve compliance, Nasdaq can grant the firm more time to come back into compliance. Other firms faced with a similar issue have used a reverse stock split to boost their share price. It involves reducing the number of outstanding shares and increasing the price per share proportionally. The Singapore-based hardware maker, which trades under the CAN ticker, was changing hands for $0.79 at the time of writing. The hardware company's shares haven't traded above $5 since 2022 and last closed above $2 in October, according to Yahoo Finance data. In October, Canaan had just announced that it received an order for 50,000 of its Avalon A15 Pro mining rigs—the largest order it had receive in the past three years. "This milestone order represents a significant win for Canaan and reflects the robust resur Show less Read more
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