深潮TechFlow
深潮TechFlow|Apr 01, 2026 11:19
[Cango Receives Notification Letter from NYSE Regarding Non-Compliance with NYSE Continued Listing Price Standard] TechFlow News reports that on April 1, according to Prnewswire, Bitcoin mining company Cango Inc. (NYSE: CANG) received a notification letter from the New York Stock Exchange (NYSE) on March 10, 2026, stating that it failed to meet the NYSE's continued listing price standard. As of March 9, 2026, the average closing price of Cango's Class A ordinary shares over 30 consecutive trading days was below $1.00 per share, which does not meet the requirements of Section 802.01C of the NYSE listing rules. According to the regulations, Cango has a remediation period of six months from the date of receiving the notification. If, by the last trading day of any calendar month within the remediation period, its closing price and the average closing price over the preceding 30 trading days are both no less than $1.00 per share, compliance will be restored. If the company fails to meet the standard by the end of the remediation period, the NYSE will initiate suspension and delisting procedures. Cango stated that it has informed the NYSE of its intention to rectify the situation and will continue to evaluate market conditions and feasible solutions. During the remediation period, Cango's Class A ordinary shares will continue to trade normally on the NYSE. This notification does not affect the company's daily operations, its reporting obligations to the U.S. Securities and Exchange Commission (SEC), or other contractual obligations.
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