TechFlow News, April 1: According to a PRNewswire report, Bitcoin mining company Cango Inc. (NYSE: CANG) received a notification letter from the New York Stock Exchange (NYSE) dated March 10, 2026, advising that it had failed to meet the NYSE’s continued listing price standard.
As of March 9, 2026, the average closing price of Cango’s Class A common stock over 30 consecutive trading days fell below $1.00 per share, failing to satisfy the requirements under NYSE Listed Company Manual Section 802.01C.
Pursuant to the rules, Cango has a six-month cure period beginning on the date of receipt of the notification. Compliance may be restored if, on the last trading day of any calendar month during the cure period, both the closing price and the average closing price over the preceding 30 trading days are at least $1.00 per share. If Cango fails to regain compliance by the end of the cure period, the NYSE will initiate procedures to suspend trading and delist the shares.
Cango stated that it has notified the NYSE of its intent to cure the deficiency and will continue evaluating market conditions and feasible remedial options. During the cure period, Cango’s Class A common stock will continue trading normally on the NYSE. This notification does not affect the company’s day-to-day operations, its reporting obligations to the U.S. Securities and Exchange Commission (SEC), or other contractual obligations.
