When did Cango’s 10-for-1 share consolidation become effective?

Cango’s 10-for-1 share consolidation of its Class A and Class B ordinary shares became effective on July 20, 2026. This consolidation reduced the number of shares outstanding while increasing the per-share trading price, supporting compliance with the NYSE’s minimum price requirement.

Over what period did Cango (CANG) meet the NYSE’s minimum US$1.00 share price again?

The NYSE’s letter dated September 1, 2026 stated that Cango’s average stock price for the 30 trading days ended August 31, 2026 was above the US$1.00 minimum. This 30-day period established that the company had regained compliance with the exchange’s price standard.

Cango Inc. Regains Compliance with NYSE Minimum Share Price Requirement

Q: Why was Cango (CANG) previously non-compliant with the NYSE minimum share price rule?

On March 10, 2026, Cango received notice that the average closing price of its Class A ordinary shares had fallen below US$1.00 over a consecutive 30-trading-day period. This triggered non-compliance with Section 802.01C of the NYSE Listed Company Manual regarding minimum share price.

Q: What steps did Cango (CANG) take to regain NYSE minimum price compliance?

To regain compliance, Cango effected a 10-for-1 share consolidation of its Class A and Class B ordinary shares. The consolidation, a reverse split, became effective on July 20, 2026 and was part of the company’s efforts to lift its trading price above US$1.00.

Cango restored compliance with the NYSE’s minimum share price rule after a 10-for-1 share consolidation lifted its 30-day average above US$1.00.

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Rhea-AI Sentiment

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Rhea-AI Summary

Cango (CANG) announced it has regained compliance with the NYSE’s minimum US$1.00 share price requirement under Section 802.01C of the NYSE Listed Company Manual.

The NYSE notified Cango on March 10, 2026 that its Class A shares had traded below US$1.00 on average over 30 consecutive trading days. To address this, Cango implemented a 10-for-1 share consolidation of its Class A and Class B ordinary shares, effective July 20, 2026. An NYSE letter dated September 1, 2026 confirmed that Cango’s average stock price for the 30 trading days ended August 31, 2026 was above US$1.00, and the NYSE now considers the matter closed.

Positive

Regains NYSE listing compliance as 30-day average share price moved back above US$1.00, closing the price-deficiency matter.
10-for-1 share consolidation completed on July 20, 2026, which helped lift the trading price to meet NYSE requirements.

Negative

Prior share price deficiency required a 10-for-1 share consolidation, indicating earlier sustained trading below the NYSE’s US$1.00 minimum.

Argus Sep 3 session 9 alerts

+14.44% close to close 4.9x rel. volume Open Argus

Details

Market move: CANG +14.44% in the Sep 3 session. listing compliance update

+7.7% Peak in 7 hr 4 min

$86.56M Mkt Cap at Peak Alert

On Sep 3, the day this news came out, CANG closed 14.44% above the previous close. Argus tracked a peak move of +7.7% during that session. Our momentum scanner recorded 9 alerts for this stock that day. Relative volume reached 4.9x the daily average during tracking.

Data tracked by StockTitan Argus for the Sep 3 session.

Key Figures

NYSE notification date: March 10, 2026 Minimum share price: US$1.00 Measurement period: 30 trading days +4 more

NYSE notification date: March 10, 2026; Initial minimum share price deficiency notice
Minimum share price: US$1.00; NYSE continued listing requirement
Measurement period: 30 trading days; Period cited in the initial NYSE deficiency notice
Share consolidation: 10-for-1; Class A and Class B ordinary shares; effective July 20, 2026
Consolidation effective date: July 20, 2026; Share consolidation became effective
NYSE letter date: September 1, 2026; Written confirmation of regained compliance
Compliance average: Above US$1.00; Average stock price for the 30 trading days ended August 31, 2026

Historical Context

5 past events · Latest: Aug 31

5 events

Aug 31
2Q26 earnings report

24h Move

-23.2%

Revenue declined and the company reported an $81.6 million net loss.
Aug 25
Earnings date notice

24h Move

+3.5%

The company scheduled its second-quarter results release and conference call.
Jul 21
Share consolidation

24h Move

-1.4%

The 10-for-1 consolidation became effective and post-consolidation trading began.
Jul 10
Share consolidation

24h Move

-6.4%

The company announced the consolidation ratio and July 20 effective date.
Jun 24
Share consolidation vote

24h Move

-2.8%

Shareholders authorized a potential consolidation of up to 10-for-1.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share consolidation, continued listing standard

2 terms

continued listing standard regulatory

"regained compliance with the NYSE's continued listing standard"

Continued listing standards are the ongoing rules a stock exchange or trading venue requires a company to meet to keep its shares listed, such as minimum share price, market value, shareholder equity, and timely financial reporting. For investors, these standards matter because failure to meet them can trigger warnings or removal from the exchange, which can reduce a stock’s visibility, trading liquidity, and value—similar to how failing building inspections can limit a business’s ability to operate publicly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/03/2026 - 06:00 AM EDT

DALLAS, Sept. 3, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has received written notification from the New York Stock Exchange ("NYSE") confirming that the Company has regained compliance with the NYSE's continued listing standard under Section 802.01C of the NYSE Listed Company Manual regarding the minimum share price requirement.

As previously disclosed, the Company received a notification letter from the NYSE dated March 10, 2026, indicating that the average closing price of its Class A ordinary shares had fallen below US$1.00 over a consecutive 30-trading-day period. In connection with its efforts to regain compliance, the Company effected a 10-for-1 share consolidation of its Class A ordinary shares and Class B ordinary shares, which became effective on July 20, 2026.

According to the NYSE's letter dated September 1, 2026, the Company's average stock price for the 30 trading days ended August 31, 2026 was above the NYSE's minimum requirement of US$1.00. Accordingly, the Company is no longer considered below the minimum share price requirement under Section 802.01C, and the matter is closed.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cango-inc-regains-compliance-with-nyse-minimum-share-price-requirement-302868739.html

SOURCE Cango Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cango (CANG) announce about its NYSE listing status?

Cango announced that it has regained compliance with the NYSE’s continued listing standard on minimum share price. The NYSE confirmed that Cango’s 30-trading-day average stock price ended August 31, 2026 was above US$1.00, so the prior deficiency matter is now closed.

What steps did Cango (CANG) take to regain NYSE minimum price compliance?

To regain compliance, Cango effected a 10-for-1 share consolidation of its Class A and Class B ordinary shares. The consolidation, a reverse split, became effective on July 20, 2026 and was part of the company’s efforts to lift its trading price above US$1.00.

What does regaining compliance mean for Cango (CANG) shareholders?

Regaining compliance means Cango is no longer considered below the NYSE’s minimum share price requirement under Section 802.01C. The NYSE has closed the matter, so shareholders retain exposure to a company that currently meets the exchange’s continued listing standards on minimum price.

Cango Inc. Regains Compliance with NYSE Minimum Share Price Requirement