Wu Says He Learned That Bitcoin miner Cango has announced that it will conduct a share consolidation at a ratio of 10 shares merged into 1 share at 17:00 (US Eastern Time) on July 20. Its Class A common stock is expected to begin trading on the New York Stock Exchange at the post-consolidation price starting July 21; the ticker remains CANG. Any fractional shares resulting from the consolidation of less than 1 share will be rounded down and cancelled, and shareholders will not receive any corresponding compensation.

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YieldKaraoke
· 8h ago
CANG’s move—miners are doing financial magic too
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GateUser-78b4adc8
· 8h ago
The old playbook of merging shares is being repeated—if the stock price is too low, they’re afraid it will get delisted.
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ProtocolPicnic
· 8h ago
10-in-1, and now the candlestick chart looks much nicer
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