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Cango Inc. (NYSE: CANG) implements 10-for-1 share consolidation and new CUSIP

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Cango Inc. reports that a share consolidation of its authorized, issued and outstanding Class A and Class B ordinary shares on a 10-for-1 ratio became effective at 5:00 p.m. U.S. Eastern Time on July 20, 2026. The company expects its Class A ordinary shares to begin trading on the New York Stock Exchange on a post-share-consolidation basis at the opening of trading on July 21, 2026, under ticker "CANG" and a new CUSIP G1820C 110.

The authorized share capital remains US$100,000, divided into 100,000,000 ordinary shares with par value US$0.001 each, comprising 92,067,428 Class A shares and 7,932,572 Class B shares. Cango describes itself as a Bitcoin mining company with global operations and pilot projects in integrated energy solutions and distributed AI computing, while also operating an online international used car export business.

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Share consolidation ratio 10-for-1 Ratio for consolidation of authorized, issued and outstanding Class A and Class B ordinary shares
Authorized share capital US$100,000 Total authorized share capital after the share consolidation
Authorized ordinary shares 100,000,000 shares Ordinary shares with par value US$0.001 each
Authorized Class A ordinary shares 92,067,428 shares Portion of authorized ordinary share capital designated as Class A
Authorized Class B ordinary shares 7,932,572 shares Portion of authorized ordinary share capital designated as Class B
Effective time of consolidation 5:00 p.m. U.S. Eastern Time on July 20, 2026 Time at which the 10-for-1 share consolidation became effective
Post-consolidation trading date July 21, 2026 Expected NYSE trading start on a post-share-consolidation basis for Class A shares
share consolidation regulatory
"announced that the share consolidation of its authorized, issued and outstanding"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
Class A ordinary shares financial
"its authorized, issued and outstanding Class A ordinary shares and Class B"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Class B ordinary shares financial
"Class A ordinary shares and Class B ordinary shares on a 10-for-1 ratio"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
CUSIP financial
"under the Company’s existing ticker symbol "CANG" and a new CUSIP number"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
forward-looking statements regulatory
"This announcement contains forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share structure change did Cango Inc. (CANG) report?
Cango Inc. reported that a 10-for-1 share consolidation of its authorized, issued and outstanding Class A and Class B ordinary shares became effective at 5:00 p.m. U.S. Eastern Time on July 20, 2026, affecting how its equity is represented and traded.

When will Cango Inc. (CANG) shares trade on a post-consolidation basis?
Cango states it expects its Class A ordinary shares to begin trading on a post-share-consolidation basis on the New York Stock Exchange at the opening of trading on July 21, 2026, under the existing ticker symbol CANG.

What is Cango Inc. (CANG)'s authorized share capital after the consolidation?
Cango’s authorized share capital remains US$100,000, divided into 100,000,000 ordinary shares with a par value of US$0.001 each, comprising 92,067,428 Class A ordinary shares and 7,932,572 Class B ordinary shares.

What new CUSIP applies to Cango Inc. (CANG) Class A shares?
Cango indicates that its Class A ordinary shares are expected to trade under a new CUSIP G1820C 110 while retaining the ticker symbol CANG on the New York Stock Exchange following the share consolidation.

What business does Cango Inc. (CANG) describe after this update?
Cango describes itself as a Bitcoin mining company with operations across several global regions, pilot projects in integrated energy solutions and distributed AI computing, and an ongoing online international used car export business through AutoCango.com.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

 

 

Commission File Number: 001-38590

 

 

 

CANGO INC.

 

 

 

Suite 750, 3131 McKinney Avenue

Dallas, Texas 75204, U.S.A.

(Address of principal executive offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

 

Form 20-F x   Form 40-F ¨

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit 99.1 Cango Inc. Announces Effectiveness of 10-for-1 Share Consolidation

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  CANGO INC.
   
  By: /s/ Simon Tang
  Name: Simon Tang
  Title: Director and Chief Financial Officer

 

Date: July 21, 2026

 

 

 

 

Exhibit 99.1

 

 

Cango Inc. Announces Effectiveness of 10-for-1 Share Consolidation

 

Dallas, Texas, July 21, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the share consolidation of its authorized, issued and outstanding Class A ordinary shares and Class B ordinary shares on a 10-for-1 ratio became effective at 5:00 P.M. U.S. Eastern Time on July 20, 2026.

 

The Company expects its Class A ordinary shares to begin trading on the New York Stock Exchange on a post-share consolidation basis at the opening of trading on July 21, 2026, under the Company’s existing ticker symbol "CANG" and a new CUSIP number of G1820C 110,

 

The Company's authorized share capital remains US$100,000, divided into 100,000,000 ordinary shares with a par value of US$0.001 each, comprising 92,067,428 Class A ordinary shares and 7,932,572 Class B ordinary shares.

 

About Cango Inc.

 

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa.

 

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

 

For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

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Investor Relations Contact

 

Juliet Ye, Head of Communications

Cango Inc.

Email: ir@cangoonline.com

 

Christensen Advisory

Tel: +852 2117 0861

Email: cango@christensencomms.com

 

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Source: View Original Filing on SEC EDGAR

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