Cango Inc. Faces NYSE Delisting Risk Due to Stock Price

Cango Inc., a Bitcoin mining company listed on the New York Stock Exchange (NYSE), has received a notification from the NYSE on March 10, 2026, regarding its failure to meet the continued listing standard for stock price. According to Foresight News, as of March 9, 2026, the average closing price of Cango's Class A common stock was below $1.00 per share for 30 consecutive trading days, which does not comply with the NYSE's listing rule 802.01C. Under the regulations, Cango has a six-month period from the date of the notice to rectify the situation. If, by the last trading day of any calendar month within this period, the closing price and the average closing price over the preceding 30 trading days are both at least $1.00, compliance will be restored. If Cango fails to meet the standard by the end of the remediation period, the NYSE will initiate suspension and delisting procedures. Cango has informed the NYSE of its intention to rectify the issue and will continue to assess market conditions and potential solutions. During the remediation period, Cango's Class A common stock will continue to trade on the NYSE as usual. The notification does not affect the company's daily operations, its obligations to the U.S. Securities and Exchange Commission (SEC), or other contractual commitments.