Cango Receives Notice from NYSE for Non-Compliance with Listing Price Standards

AirdropBlackHole · 2026-04-01T23:25:11+00:00

Cango Inc. received notice from the NYSE for failing to meet listing price standards, with its stock below $1 for 30 days. They have six months to regain compliance while trading continues normally, and daily operations remain unaffected.

AirdropBlackHole

2026-04-01 23:25:11

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On April 1, Cango Inc. (NYSE: CANG), a Bitcoin mining company, received a notice from the New York Stock Exchange (NYSE) informing it that it failed to meet the NYSE’s continued listing price standards. As of March 9, 2026, the average closing price of Cango’s Class A common stock had been below $1.00 per share for 30 consecutive trading days, violating the requirements of NYSE listing rule 802.01C. According to the regulations, Cango has a six-month period to rectify the situation from the date of receiving the notice. If, at the end of any calendar month during the remedy period, its closing price and the average closing price for the preceding 30 trading days are both at or above $1.00, compliance will be restored. Cango stated that it has notified the NYSE of its intention to rectify the situation and will continue to assess market conditions and feasible options. During the remedy period, Cango’s Class A common stock will continue to trade normally on the NYSE. This notice does not affect the company’s daily operations, obligations to the U.S. Securities and Exchange Commission (SEC), or other contractual obligations.

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