Cango (CANG), a NYSE-listed Bitcoin mining company, announced that it will merge its common shares on a 10-for-1 basis at 5 p.m. ET on July 20. This action follows the approval at an extraordinary general meeting of shareholders on June 24. 10 shares of Class A will be merged into 1 share of Class A, and 10 shares of Class B will be merged into 1 share of Class B. After the merger, Class A common shares will trade under the existing ticker symbol 'CANG' starting from the next day's market open in the U.S. local time.
