BlockBeats News, July 10, the New York Stock Exchange-listed Bitcoin mining company Cango Inc. (NYSE: CANG) announced that, following the authorization granted at the extraordinary general meeting of shareholders on June 24, a 1-for-10 stock consolidation will be implemented. All issued and outstanding Class A and Class B common shares will be consolidated on a 10-for-1 basis, with the same class.

The consolidation will be effective on July 20, 2026, at 5:00 PM Eastern Time. The Class A common shares are expected to trade on a post-consolidation basis from the New York Stock Exchange open on July 21 under the ticker symbol "CANG," with the CUSIP updated to G1820C 110. The total authorized share capital post-consolidation will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. Fractions of shares resulting from the consolidation will be rounded down and returned to the company's authorized but unissued shares, with no compensation provided to the holders.