Trading for the firm's Class A ordinary shares will resume on the New York Stock Exchange on July 21 under the existing ticker symbol CANG. The move comes with a new CUSIP number, G1820C 110, to reflect the restructuring. The company’s authorized capital remains unchanged at $100,000, divided into 100 million ordinary shares with a par value of $0.001 each.
In section Releases
Cango Inc. Sets July 20 Date for 10-for-1 Share Consolidation
Every ten shares of Cango Inc. will merge into a single unit as the company executes a reverse stock split. The board of directors finalized the move following shareholder approval granted in June, setting the consolidation to take effect at the close of business on July 20, 2026.
Investors should note that the consolidation eliminates fractional shares. Any shareholder entitled to a fraction of a share will see their total rounded down to the nearest whole number, with the remaining fraction cancelled and returned to the company's pool of unissued shares without compensation. Based in Dallas, Cango operates a global Bitcoin mining infrastructure alongside its AutoCango.com international vehicle export business.
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