NYSE Notifies Bitcoin Miner Cango of Non-Compliance with Continued Listing Price Standards

AirdropBlackHole · 2026-04-01T23:28:11+00:00

Cango Inc. received notice from the NYSE for failing to meet listing standards as its stock price has been below $1.00 for 30 days. It has six months to rectify the situation to regain compliance.

AirdropBlackHole

2026-04-01 23:28:11

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On April 1, Bitcoin mining company Cango Inc. (NYSE: CANG) received a notification from the New York Stock Exchange (NYSE) informing it that it has 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 has been below $1.00 per share for 30 consecutive trading days, which does not comply with 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 notification. If, during any month within the rectification period, the closing price and the average closing price for the previous 30 trading days are both at least $1.00, compliance will be restored.

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