06:38 ET Cango Inc. Verzekert 10,5 miljoen USD aan investeringen van EWCL om de groei te versnellen
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Cango Inc. (NYSE: CANG) has announced a $10.5 million investment from Enduring Wealth Capital Limited (EWCL) to accelerate its growth. EWCL will subscribe to additional Class B common shares at $1.50 per share, increasing its stake from approximately 2.81% to 4.69% and voting power from 36.68% to 49.61%. CEO Paul Yu emphasized that this investment reflects confidence in Cango's strategic roadmap, which includes enhancing Bitcoin mining capabilities and developing energy and AI computing initiatives. The transaction is expected to close in January 2026, pending approval from the New York Stock Exchange.
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