News

Cango Inc. Transitions to Direct NYSE Listing of Shares

Cango Inc. Transitions to Direct NYSE Listing of Shares

Cango Inc. Transitions to Direct NYSE Listing of Shares

Cango Inc. (NYSE: CANG) has made a significant decision regarding its stock trading. The company's board of directors has approved the termination of its American Deposit Receipt (ADR) program. This strategic move means that as of November 14, 2025, the ADR program will no longer be active, and investors will see a direct transition. Each holder of an American Depositary Share (ADS) is set to receive two Class A ordinary shares, enhancing their direct ownership and engagement with the company.

The direct listing on the New York Stock Exchange represents a pivotal change for Cango Inc. The management believes that moving away from the ADR program simplifies the shareholder experience. U.S. investors will no longer transact indirectly through a Depositary, allowing them to exercise their rights as direct shareholders more efficiently. Additionally, this transition removes the depositary fees previously incurred by ADS holders, making it a more appealing option for investors.

Following the termination, Cango Inc.'s shares are expected to be traded on the NYSE under the existing symbol 'CANG' starting November 17, 2025. This aligns with the company’s aim of boosting visibility among institutional investors and expanding its U.S. investor base. By being more accessible in the U.S. market, Cango is taking steps to ensure its long-term sustainability and growth in a competitive landscape.

To ensure that all stakeholders are informed, the company will be sending out a termination notice to ADS holders that details the upcoming changes concerning the ADR program. This notice is set to be distributed on the announcement date, reinforcing Cango’s commitment to transparent communication with its investors.

About Cango Inc.

Cango Inc. (NYSE: CANG) is engaged in the dynamic Bitcoin mining sector. With operations strategically established across diverse regions, including North America and the Middle East, the company has carved a niche in the cryptographic landscape. Cango's entry into the crypto asset domain in late 2024 was driven by a commitment to innovation. It focuses not only on the burgeoning potential of blockchain technology but also on enhancing its diverse business portfolio.

Besides its crypto ventures, Cango runs AutoCango.com, which is integral to its online international used car export business. This platform facilitates global customers' access to quality vehicles sourced from China. As the trends in digital assets evolve, Cango remains dedicated to optimizing its services and providing significant value to its clients.

Investor Relations Contact

For any inquiries regarding this announcement or the company’s transition, interested parties can reach out to Juliet Ye, Head of Communications at Cango Inc. It is important for stakeholders to remain updated as the company progresses through this transition. Cango is committed to supporting its shareholders by ensuring they are well-informed about these impactful changes.

With its focus on technological advancement and strategic positioning within the market, Cango Inc. is poised to adapt and thrive in an evolving landscape that increasingly embraces digital innovations.

Frequently Asked Questions

What does the termination of the ADR program mean for shareholders?

The termination of the ADR program allows shareholders to hold Class A ordinary shares directly, eliminating depositary fees and enhancing their shareholder rights.

When will Cango Inc.'s shares start trading directly on the NYSE?

Cango Inc.'s Class A ordinary shares are expected to begin trading directly on the NYSE under the symbol 'CANG' on November 17, 2025.

Why is Cango Inc. making this transition?

The transition aims to simplify the ownership experience for U.S. investors, increase institutional visibility, and broaden the company's investor base.

How many Class A ordinary shares will ADS holders receive?

Each holder of one ADS will receive two Class A ordinary shares as part of the transition from the ADR program.

What businesses does Cango Inc. operate?

Cango Inc. is primarily engaged in Bitcoin mining while also running an online platform for used car exports, enhancing its portfolio in diverse sectors.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Cut Winter Heating Costs with Townsend's Rebate Help

Updated Category News Views 6

Unseen Perils of Winter Heating in Massachusetts Massachusetts homeowners, listen up. If your heating system is older than the Model T, it's time to rethink your winter strategy. You don't want to be stuck in the cold when the thermometer hits single digits, do you? That's where Townsend comes in, making waves with their rebate assistance program. Navigating the Rebate...

Continue Reading
Timur Turlov Leads FIDE with Chess and Digital Focus

Updated Category News Views 5

An Unpredicted Victory in Samarkand Well, color me surprised. Timur Turlov's made waves by clinching the role of FIDE President at the General Assembly in Samarkand. This one's quite the turn for the chess world—Kazakhstan’s own stepping up to run the whole show. This isn't just some ceremonial post either. Turlov, who's been pulling strings over at the Kazakhstan...

Continue Reading
Endurance Energy's Modular Tech Revs Up Southeast Asia

Updated Category News Views 4

Modular Solutions Steal the Show in Bangkok When a company draws 59,468 attendees from over 150 countries, folks pay attention—and that was exactly the scene at Gastech 2026 in Bangkok. The name buzzing on many lips? Endurance Energy. These guys showcased a fresh take on energy logistics with their skid-mounted liquefaction tech, turning heads with their Southeast Asia...

Continue Reading
AST SpaceMobile Faces Class Action Over Misstatements

Updated Category News Views 4

What's Going On with AST SpaceMobile? Kicking off with a heavy hitter here, folks. AST SpaceMobile, Inc., trading under NASDAQ:ASTS, is under a securities fraud spotlight. We're talking allegations piled higher than a morning stack of pancakes. If you picked up any ASTS shares between March 4, 2025, and July 15, 2026, you're in on this rough ride. There's a class action...

Continue Reading
PACS Group Faces Legal Scrutiny: What to Watch

Updated Category News Views 4

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

Continue Reading
Krispy Kreme Faces Legal Probe: Fiduciary Breach?

Updated Category News Views 3

Diving Deep into the Krispy Kreme Allegations Look, this isn't your run-of-the-mill donut drama. When you hear rumblings of corporate missteps, especially ones that involve potential breaches of fiduciary duties, it's time to perk up those ears. Over at Krispy Kreme, Inc. (NASDAQ:DNUT), there's some heat in the kitchen, and it's not just from frying those glazed beauties....

Continue Reading
Jackson Wang's Fantasy IP Hits Hong Kong Stage

Updated Category News Views 5

A Star-Studded Fantasy Comes Alive Hong Kong isn't just about dim sum and skyline views—it's a magnet for celebrity showcases, and this time, Jackson Wang's pulling the strings. The guy's ventured beyond music and idol fame, diving head-first into creative visuals with his fantasy IP, "Under the Castle" (UTC). Pairing up with Ocean Park's Halloween Fest, he's cooked up...

Continue Reading
HONA Faces Legal Heat: Investor Lawsuit Over Losses

Updated Category News Views 6

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...

Continue Reading
Quay Sunglasses: Luxury Looks, Affordable Prices

Updated Category News Views 3

Ah, sunglasses—the quintessential accessory that screams both practicality and style. A million-dollar look without the million-dollar expense? That's where Quay comes in. They've been recognized by Expert Consumers, no less, as some of the best-in-class for affordable luxury eye candy out there—aimed at shoppers who want the designer vibe without the hemorrhaging...

Continue Reading
AI and Storytelling Make Waves in Science Education

Updated Category News Views 5

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

Continue Reading

Top 5 Most Recently Viewed Articles

Investing in Oil: Top Three Stocks to Consider for Growth

Updated Category News Views 77

Crude Oil Prices: An Anticipated Surge in the Market Oil prices are expected to experience a significant rally, driven by anticipated rate cuts from the Fed and the onset of a new business cycle. As prices remain at a relatively low level, a revival in demand coupled with shifts in market supply dynamics could pave the way for new growth in the oil sector. The current...

Continue Reading
Recognizing Excellence: Grakon's Award from PACCAR for Supplier Success

Updated Category News Views 193

Grakon Honored as a Top Supplier by PACCAR In an exciting acknowledgment of excellence, Methode Electronics, Inc. (NYSE: MEI) has made a significant announcement regarding its Grakon business unit. Recently, Grakon was recognized as a top-performing supplier by PACCAR, the esteemed manufacturer of Kenworth and Peterbilt trucks. This prestigious award highlights Grakon's...

Continue Reading
Hyundai and Kia Issue Recall for 208K Electric Vehicles

Updated Category News Views 154

Hyundai and Kia Recall Over 208,000 Electric Vehicles Hyundai Motor and Kia Corp have announced a recall affecting more than 208,000 electrified vehicles in the United States due to serious concerns regarding a possible loss of driving power. This critical announcement comes from the National Highway Traffic Safety Administration (NHTSA). Details of the Recall The recall...

Continue Reading
Heineken 0.0: Old US Open Tickets Get New Life

Updated Category News Views 32

Well, here's a twist I didn't see coming: Heineken 0.0 is playing matchmaker with old US Open tickets, bringing Serena Williams' biggest fans back to the stands. This isn't just about meeting a celebrity, folks—it's about reviving memories and rekindling the thrill of a live match. Turning Nostalgia into Action Nostalgia, that old siren, is the star player here, and...

Continue Reading
Latest Net Asset Value Announcement for Octopus AIM VCT 2 plc

Updated Category News Views 131

Understanding Net Asset Value Announcements Net Asset Value (NAV) is a critical measure for assessing the value of a company's assets in relation to its outstanding shares. It is especially significant in the investment world, where companies like Octopus AIM VCT 2 plc provide updates on their financial health to shareholders and potential investors. Recent NAV Update...

Continue Reading