Cango Inc. Sets July 20 Date for 10-for-1 Share Consolidation

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.

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.