BlockBeats News, April 1st, according to a report by PR Newswire, Bitcoin mining firm Cango Inc. (NYSE: CANG) received a notice from the New York Stock Exchange (NYSE) informing them that they did not meet the NYSE’s continued listing standard for stock price. As of March 9, 2026, the average closing price of Cango’s Class A common stock over 30 consecutive trading days was below $1.00 per share, not meeting the requirements of Rule 802.01C of the NYSE Listed Company Manual.
According to the regulations, Cango has a 6-month cure period from the date of the notice. If on the last trading day of any month within the remedy period, both the closing price and the 30-trading-day average closing price are at or above $1.00 per share, compliance will be restored.
Cango stated that the company has notified the NYSE of its intention to remedy the situation and will continue to assess market conditions and potential solutions. During the remedy period, Cango’s Class A common stock will continue to trade normally on the NYSE. This notice does not affect the company’s day-to-day operations, SEC reporting obligations, or other contractual obligations.
