Woofun AI reports that Bitcoin mining company Cango Inc (NYSE: CANG) will execute a 1-for-10 reverse stock split following shareholder approval on June 24. The consolidation combines outstanding Class A and Class B common stock at a 10-to-1 ratio, effective at 5:00 p.m. Eastern Time on July 20, 2026.

Class A shares will resume trading on the New York Stock Exchange on July 21 under the symbol "CANG" with CUSIP G1820C 110. Fractional shares will be rounded up and returned to authorized unissued shares, with no cash payments issued. Total authorized common stock remains at 100 million shares with a $0.001 par value.