Cango received a notification letter from the NYSE stating that it has failed to meet the continued listing price standard.

Deep Tide TechFlow news: On April 1, according to a report by Prnewswire, Bitcoin mining company Cango Inc. (NYSE: CANG) received a notice letter from the New York Stock Exchange (NYSE) on March 10, 2026, informing it that it failed to meet the NYSE’s continued listing share price standards.

As of March 9, 2026, the average closing price of Cango Class A common stock over the consecutive 30 trading days was below $1.00 per share, which does not satisfy the requirements under Section 802.01C of the NYSE listing rules.

Under the rules, Cango has a remediation period of 6 months from the date it receives the notice. If, during the remediation period, on the last trading day of any calendar month, both its closing price and the average closing price over the prior 30 trading days are not less than $1.00, compliance can be restored. If the remediation period expires without meeting the requirement, the NYSE will initiate trading suspension and delisting procedures.

Cango said the company has notified the NYSE of its intention to rectify and will continue to assess market conditions and feasible solutions. During the remediation period, Cango Class A common stock will continue to trade normally on the NYSE. This notice does not affect the company’s day-to-day operations, its obligations to file with the U.S. Securities and Exchange Commission (SEC), or other contractual obligations.