Cango Announces New Share Consolidation Structure
The post Cango Announces New Share Consolidation Structure appeared on BitcoinEthereumNews.com. Cango Inc.’s new share consolidation ratio of 10:1 will take effect from July 20, 2026. The company decided on the new share structure in a meeting held on June 24, 2026. Cango’s latest share consolidation aims to address an ongoing regulatory challenge. Global Bitcoin mining and energy infrastructure company, Cango Inc., has announced that, pursuant to the authorization granted by the Company’s shareholders at the extraordinary general meeting held on June 24, 2026, its board of directors has determined the effective date and share consolidation ratio for its previously approved share consolidation. This Friday’s announcement noted the company’s plan to effect the consolidation of authorized, issued, and outstanding Class A ordinary shares and Class B ordinary shares on a 10:1 ratio. This structure implies that every ten shares will be consolidated into one share of the same class. Accordin