Cango raises capital as it faces NYSE delisting risk with shares below $1

The bitcoin miner issued a $10 million convertible note and closed a $65 million insider-led round while racing to regain compliance with exchange rules. What to know : Cango warned it could be delisted from the NYSE if its share price doesn’t recover above $1 within six months. The company issued a $10 million convertible note to DL Holdings as part of a broader strategic partnership. It also closed a $65 million equity investment led by company insiders, paid in USDT.(Coindesk)