Cango Consolidates Shares in Bid to Avoid NYSE Delisting

Crypto and energy infrastructure company Cango Inc. has announced its new share consolidation ratio of 10:1, effective from July 20, 2026.

The decision was made at a meeting on June 24, 2026, in response to an ongoing regulatory challenge.

Cango's Class A stock (CANG) had been consistently trading below the NYSE minimum threshold of $1.00, prompting a delisting warning.