Bitcoin mining company Cango will terminate its ADR offering and list common stock on the NYSE in November.
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最新报道：According to Bijie.com, on October 16, Bitcoin mining company Cango Inc. announced that its board of directors has approved the termination of its American Depositary Receipt (ADR) program, eliminating the ADSs and replacing them with Class A common stock directly listed on the New York Stock Exchange (NYSE). The ADR program will terminate after the close of trading on November 14, 2025. At that time, holders will receive two Class A common shares for each ADS they hold. The Class A common stock is expected to begin trading on the NYSE at the opening of trading on November 17, continuing under the symbol "CANG." Cango stated in the announcement that this restructuring is intended to enable U.S. investors to directly exercise their shareholder rights, eliminate custody fees borne by ADS holders, enhance the company's appeal to institutional investors, and further strengthen its positioning in the U.S. market.
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