Cango Inc. Successfully Regains NYSE Minimum Share Price Compliance with Strategic Actions

Cango Inc. Successfully Regains NYSE Compliance

Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, proudly announces that it has regained compliance with the New York Stock Exchange’s (NYSE) minimum share price requirement. This achievement comes after the company implemented a series of strategic actions aimed at stabilizing its share price and ensuring continued listing.

Background of the Compliance Requirement

The necessity for compliance arose when Cango was notified by the NYSE on March 10, 2026, that the average share price of its Class A ordinary shares had fallen below the critical threshold of $1.00 over a consecutive 30 trading days. This notice catalyzed immediate action from Cango as it endeavored to realign its stock price with NYSE standards.

In response to this challenge, Cango executed a strategic 10-for-1 share consolidation of both its Class A and Class B ordinary shares on July 20, 2026. This consolidation effectively multiplied the share value, enabling Cango to adjust to the listing standards set by the NYSE.

Notification of Compliance

Fast forward to September 1, 2026; Cango received a formal notification from the NYSE confirming that the average trading price of the company’s stock for the previous 30 trading days had surpassed the minimum $1.00 requirement. As a result, Cango is no longer categorized under the minimum share price non-compliance and thus has successfully closed this chapter.

About Cango Inc.

Established with the vision of creating an innovative infrastructure platform for the digital economy, Cango Inc. has taken significant steps in the cryptocurrency mining industry. Since entering this dynamic sector in November 2024, the company has expanded its operations globally, with mining projects launched across North America, the Middle East, South America, and East Africa.

To bolster its capabilities, Cango has initiated pilot projects that combine integrated energy solutions with distributed Artificial Intelligence (AI) computing. In addition to its mining endeavors, Cango operates an online platform for the international export of used cars under the brand AutoCango.com, showcasing its commitment to diversifying its business operations.

For individuals and stakeholders interested in learning more about Cango's initiatives and future plans, detailed updates are readily available on the company’s official website at www.cangoonline.com as well as its profiles on X and LinkedIn.

Conclusion

In summary, Cango Inc.’s successful reinstatement ahead of the NYSE’s requirements marks a pivotal moment in the company’s journey. This situation reflects the management's resilience and strategic foresight in addressing market challenges. As Cango advances, both investors and followers of the cryptocurrency sector should stay engaged and attentive to the evolving landscape that Cango continues to contribute to.