[25-NSE] Cango Inc. SEC Filing
Rhea-AI Filing Summary
Cango Inc. (CANG) has received a Form 25 notification from the New York Stock Exchange, indicating the removal of its American Depositary Shares from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. The affected securities are American Depositary Shares, each representing two Class A ordinary shares. The NYSE certifies that it has reasonable grounds to file this notification and that applicable exchange rules and regulatory requirements for striking the securities from listing or withdrawing their registration have been satisfied.
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Insights
Cango's ADSs are being removed from NYSE listing and/or registration.
The notification states that Cango Inc. American Depositary Shares, each representing two Class A ordinary shares, are being removed from listing and/or registration on the New York Stock Exchange under Section 12(b) of the Exchange Act. Form 25 is the formal mechanism an exchange uses when a security will no longer trade on that national securities market.
The exchange certifies it has complied with its own rules and the applicable provisions of 17 CFR 240.12d2-2 in striking or withdrawing the securities. The text also notes that issuer-related requirements for voluntary withdrawal under 17 CFR 240.12d2-2(c) have been complied with, without specifying whether the action is primarily exchange- or issuer-driven. This means the ADSs will cease to be listed on the NYSE once the regulatory process tied to this Form 25 is completed.
For shareholders, this change affects where and how the ADSs can be traded, since NYSE listing status is being removed for this class of securities. Any future trading venue, liquidity patterns, or changes in regulatory reporting obligations are not detailed here and would depend on subsequent disclosures and arrangements outside this notification.