Dallas – September 08, 2026 -- Cango Inc. (NYSE: CANG) has regained compliance with the New York Stock Exchange's minimum share price requirement, the company said, closing a listing-standards issue that began in March.
NYSE confirms Cango cleared the $1.00 threshold as of August 31, 2026
In a letter dated September 1, 2026, the NYSE notified Cango that its average closing share price over the 30 trading days ended August 31, 2026 exceeded the exchange's US$1.00 minimum under Section 802.01C of the NYSE Listed Company Manual. The exchange confirmed the matter is now closed.
Company had received a deficiency notice on March 10, 2026
The NYSE had flagged Cango after its Class A ordinary shares' 30-trading-day average closing price fell below $1.00, triggering a formal compliance notification.
Cango executed a 10-for-1 share consolidation to lift its price
To address the deficiency, Cango consolidated its Class A and Class B ordinary shares on a 10-for-1 basis, effective July 20, 2026, a move that mechanically raised the per-share trading price ahead of the NYSE's 30-day review window.
Cango operates as a Bitcoin mining firm across four continents
Since entering the digital asset sector in November 2024, Cango has built mining operations spanning North America, the Middle East, South America and East Africa. The company has also activated pilot projects in integrated energy solutions and distributed AI computing, while continuing to run its online used car export platform, AutoCango.com.