STOCKS | Cango to Consolidate Class A and B Shares 10-for-1 on July 20

Cango (CANG), a New York Stock Exchange-listed Bitcoin mining company, will consolidate its Class A and Class B ordinary shares at a 10-for-1 ratio at 5:00 PM Eastern Time on July 20. According to Foresight News, the consolidation means every 10 shares will be combined into 1 share. After the consolidation, Cango’s Class A ordinary shares are expected to continue trading on the NYSE under the ticker “CANG” with a new CUSIP number starting at the market open on July 21.