STOCK TITAN

NYSE warns Cango (NYSE: CANG) on share price, gives six-month cure

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cango Inc. reported that it received a notice from the New York Stock Exchange stating its Class A ordinary shares no longer meet the NYSE continued listing price standard, because the 30 trading-day average closing price fell below US$1.00 per share as of March 9, 2026.

The company has a six-month cure period from March 10, 2026 to restore compliance by achieving both a closing price and 30-day average of at least US$1.00. If it fails, the NYSE may begin suspension and delisting procedures. Cango states that trading continues during this period and that the notice does not affect its operations, SEC reporting, credit agreements or other contractual obligations.

Positive

  • None.

Negative

  • Cango Inc. is below the NYSE’s US$1.00 minimum price standard, creating a defined risk of suspension and delisting if compliance is not restored within the six-month cure period.

Insights

NYSE price noncompliance introduces delisting risk but allows a defined cure window.

Cango Inc. has fallen below the NYSE’s minimum price standard, with its Class A shares averaging under US$1.00 over 30 trading days as of March 9, 2026. Under Section 802.01C, this triggers a formal noncompliance notice.

The company has a six-month Cure Period from March 10, 2026 to regain compliance by reaching at least US$1.00 both on the last trading day of a month and on the related 30-day average. Failing that, the NYSE would commence suspension and delisting procedures, which could shift trading to a less liquid venue.

Cango notes that its shares remain listed during the Cure Period and that the notice does not affect operations, SEC reporting duties, credit agreements, or other contracts. Management plans to monitor market conditions and is still considering options to address the deficiency, so actual outcomes will depend on future share-price performance and any actions the company undertakes.

Minimum NYSE price standard US$1.00 per share Average closing price requirement over a consecutive 30 trading-day period
Noncompliance measurement period 30 trading days Average closing price below US$1.00 as of March 9, 2026
Cure Period length Six months Period following March 10, 2026 NYSE notice to regain compliance
Mining sites Over 40 sites Bitcoin mining operations across North America, Middle East, South America, East Africa
Digital asset entry date November 2024 Cango’s entry into the digital asset space
continued listing standard regulatory
"Cango Inc. Receives Notice Regarding NYSE 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.
Cure Period regulatory
"The Company has six months (“the Cure Period”) following receipt of the notice"
A cure period is a set amount of time given to a borrower, counterparty, or contracting party to fix a missed payment, breach, or other problem before more serious consequences—like penalties, higher interest, or contract termination—kick in. For investors, it matters because it creates a short grace window that can prevent immediate losses and influence the timing and likelihood of recovery; think of it like a few extra days to pay a bill before a service is cut off.
Section 802.01C regulatory
"Pursuant to Section 802.01C of the NYSE’s Listed Company Manual"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
integrated energy solutions technical
"Cango has activated pilot projects in both integrated energy solutions and distributed AI computing"
distributed AI computing technical
"activated pilot projects in both integrated energy solutions and distributed AI computing"

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

 

 

Commission File Number: 001-38590

 

 

 

CANGO INC.

 

 

 

3131 McKinney Avenue

Dallas, Texas 75204, U.S.A.

(Address of principal executive offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

 

Form 20-F x   Form 40-F ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit 99.1 Cango Inc. Receives Notice Regarding NYSE Continued Listing Standard

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  CANGO INC.
   
  By: /s/ Yongyi Zhang
  Name: Yongyi Zhang
  Title: Chief Financial Officer

 

Date: April 2, 2026

 

 

 

 

Exhibit 99.1

 

Cango Inc. Receives Notice Regarding NYSE Continued Listing Standard

 

Dallas, Texas, April 1, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it has received a letter from the New York Stock Exchange (the “NYSE”) dated March 10, 2026, notifying the Company that it is not in compliance with the NYSE’s price criteria for continued listing standard because, as of March 9, 2026, the average closing price of the Company’s Class A ordinary shares was less than US$1.00 per share over a consecutive 30 trading-day period. This press release is issued within the 30-day period following receipt of such notice as required under the NYSE rules.

 

Pursuant to Section 802.01C of the NYSE’s Listed Company Manual, a company will be considered to be below compliance standards if the average closing price of its security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. The Company has six months (“the Cure Period”) following receipt of the notice to regain compliance with the minimum share price requirement. The Company can regain compliance at any time during the Cure Period if on the last trading day of any calendar month during the Cure Period the Company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month Cure Period, both a US$1.00 closing share price on the last trading day of the Cure Period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the Cure Period are not attained, the NYSE will commence suspension and delisting procedures.

 

To address this issue, the Company intends to monitor the market conditions of its listed securities and is still considering its options. As required by the NYSE rules, the Company has notified the NYSE of its intent to cure the price deficiency of its Class A ordinary shares within the applicable time period required by the NYSE. During the Cure Period, the Company’s Class A ordinary shares will continue to be listed and traded on the NYSE, subject to its compliance with other NYSE continued listing standards and other rights of the NYSE to delist the Class A ordinary shares. The NYSE notification does not affect the Company’s business operations, its Securities and Exchange Commission reporting requirements, credit agreements or other contractual obligations.

 

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 over 40 sites 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.

 

 

 

 

Safe Harbor Statement

 

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words or phrases such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. These statements are based on Cango’s current expectations and assumptions and are not guarantees of future performance. 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 Securities and Exchange Commission. All information provided in this press release 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.

 

Investor Relations Contact

Juliet Ye, Head of Communications

Cango Inc.

Email: ir@cangoonline.com

 

Christensen Advisory

Tel: +852 2117 0861

Email: cango@christensencomms.com

 

 

 

FAQ

Why did Cango Inc. (CANG) receive a NYSE continued listing notice?

Cango Inc. received the NYSE notice because the average closing price of its Class A ordinary shares was below US$1.00 over a consecutive 30 trading-day period as of March 9, 2026, breaching the NYSE’s continued listing price standard.

How long does Cango Inc. (CANG) have to regain NYSE price compliance?

Cango has a six-month Cure Period from March 10, 2026 to restore compliance. It must achieve a closing price of at least US$1.00 on the last trading day of a month and a 30 trading-day average of at least US$1.00.

What happens if Cango Inc. (CANG) fails to cure the NYSE price deficiency?

If Cango does not reach both a US$1.00 closing price and a US$1.00 30-day average by the end of the six-month Cure Period, the NYSE will begin suspension and delisting procedures for its Class A ordinary shares.

Does the NYSE notice affect Cango Inc.’s (CANG) operations or contracts?

According to Cango, the NYSE notification does not affect its business operations, SEC reporting requirements, credit agreements, or other contractual obligations. The company continues normal operations while working within the cure period to address the share price deficiency.

Will Cango Inc. (CANG) shares keep trading on the NYSE during the Cure Period?

Yes. During the six-month Cure Period, Cango’s Class A ordinary shares are expected to remain listed and traded on the NYSE, provided the company continues meeting other NYSE listing standards and absent any separate NYSE decision to delist.

What businesses does Cango Inc. (CANG) operate alongside its NYSE listing?

Cango is a Bitcoin mining company with over 40 sites across several regions and is developing integrated energy and distributed AI computing projects. It also runs an online used car export business through AutoCango.com, alongside its digital asset initiatives.

Filing Exhibits & Attachments

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