Cango regains compliance with NYSE minimum share price rule
Cango Inc. (NYSE:CANG) has successfully met the New York Stock Exchange’s (NYSE) minimum share price requirement, the stock exchange announced on September 1, 2026. The NYSE had previously confirmed on March 10, 2026 that Cango's Class A ordinary shares had fallen below the required $1.00 average price over a consecutive 30-trading-day period, triggering a non-compliance violation according to Section 802.01C of the NYSE Listed Company Manual.
In response to the violation, Cango initiated a 10-for-1 share consolidation affecting both its Class A and Class B ordinary shares, which went into effect on July 20, 2026. This consolidation brought the company back into compliance with the NYSE's share price rule.
The Dallas-based company, which also operates an international used car export business through AutoCango.com, describes itself as a Bitcoin mining firm with operations in various global locations including North America, the Middle East, South America, and East Africa.
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