Bitcoin Mining Company Cango to Implement 10-for-1 Share Consolidation

CoinFeed July 10 news, according to PR Newswire, NYSE-listed Bitcoin mining company Cango Inc. (NYSE: CANG) announced that its board of directors, pursuant to the authorization of the special shareholders' meeting on June 24, will implement a 10-for-1 share consolidation, with all issued and outstanding Class A and Class B ordinary shares consolidated on a 10-to-1 basis, with class unchanged. The consolidation will take effect at 17:00 Eastern Time on July 20, 2026, and Class A ordinary shares are expected to commence trading on a post-consolidation basis on the New York Stock Exchange from the opening on July 21, with the ticker symbol remaining 'CANG', and the CUSIP updated to G1820C 110. After the consolidation, the total authorized share capital remains at US$100,000, comprising 100 million ordinary shares with a par value of US$0.001 per share. No fractional shares will be issued; fractional entitlements will be rounded down and returned as authorized but unissued shares of the company, and holders will not receive any consideration.