Bitcoin mining company Cango will implement a 10-for-1 reverse stock split

BlockBeats, July 10: The board of directors of Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, will implement a 10-for-1 reverse stock split pursuant to the authorization granted by the June 24 extraordinary general meeting of shareholders. All issued and outstanding Class A and Class B ordinary shares will be consolidated from every 10 shares into 1 share, with the share classes remaining unchanged.

The consolidation will take effect at 17:00 p.m. Eastern Time on July 20, 2026. Class A ordinary shares are expected to trade on a consolidated basis starting from the New York Stock Exchange opening on July 21; the ticker remains “CANG,” and the CUSIP will be updated to G1820C 110. After the consolidation, the total authorized share capital will remain at $100k, totaling 100 million ordinary shares, with a par value of $0.001 per share. No fractional shares will be issued; any fractional portion will be discarded and returned as the company’s authorized but unissued shares, and holders will not receive any consideration.