Cango Extends Deadline to Close Share-Settled Crypto Miner Acquisitions

MT Newswires Live

Mar 26

Cango (CANG) said Wednesday it has extended the deadline to close its planned acquisitions of crypto mining machines via the issuance of class A shares.

The deadline for the share-settled deals is now July 31, the company said, adding the previous deadline was March 31.

Cango said that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital proposing the acquisition of control of the company by Enduring Wealth and the disposal of Cango's business in China.

The deals proposed in the letter of intent may affect some provisions in the purchase agreement for the crypto miners, Cango said, adding it reached an amendment agreement with the sellers to extend the deadline.

Price: 4.13, Change: -0.07, Percent Change: -1.67

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2522856503"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522856503\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522856503?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-26 22:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522856503","market":"nz","top_or_hot":-1,"title":"Cango Extends Deadline to Close Share-Settled Crypto Miner Acquisitions","media":"MT Newswires Live","content":"<html><body><p> Cango (CANG) said Wednesday it has extended the deadline to close its planned acquisitions of crypto mining machines via the issuance of class A shares.</p><p>The deadline for the share-settled deals is now July 31, the company said, adding the previous deadline was March 31.</p><p>Cango said that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital proposing the acquisition of control of the company by Enduring Wealth and the disposal of Cango's business in China.</p><p>The deals proposed in the letter of intent may affect some provisions in the purchase agreement for the crypto miners, Cango said, adding it reached an amendment agreement with the sellers to extend the deadline.</p><p>Price: 4.13, Change: -0.07, Percent Change: -1.67</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cango Extends Deadline to Close Share-Settled Crypto Miner Acquisitions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCango Extends Deadline to Close Share-Settled Crypto Miner Acquisitions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-26 22:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Cango (CANG) said Wednesday it has extended the deadline to close its planned acquisitions of crypto mining machines via the issuance of class A shares.</p><p>The deadline for the share-settled deals is now July 31, the company said, adding the previous deadline was March 31.</p><p>Cango said that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital proposing the acquisition of control of the company by Enduring Wealth and the disposal of Cango's business in China.</p><p>The deals proposed in the letter of intent may affect some provisions in the purchase agreement for the crypto miners, Cango said, adding it reached an amendment agreement with the sellers to extend the deadline.</p><p>Price: 4.13, Change: -0.07, Percent Change: -1.67</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4214","symbol_name":"汽车零售","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522856503","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522856503","pubTimestamp":1743001088,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Cango  said Wednesday it has extended the deadline to close its planned acquisitions of crypto mining machines via the issuance of class A shares.The deadline for the share-settled deals is now July 31, the company said, adding the previous deadline was March 31.Cango said that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital proposing the acquisition of control of the company by Enduring Wealth and the disposal of Cango's business in China.The deals proposed in the letter of intent may affect some provisions in the purchase agreement for the crypto miners, Cango said, adding it reached an amendment agreement with the sellers to extend the deadline.Price: 4.13, Change: -0.07, Percent Change: -1.67","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4214":"汽车零售","BK4600":"加密货币概念","BK4122":"互联网与直销零售","CANG":"灿谷"},"translate_title":"Cango延长完成以股份结算的加密货币矿商收购的最后期限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CANG":0.9},"content_text":"Cango (CANG) said Wednesday it has extended the deadline to close its planned acquisitions of crypto mining machines via the issuance of class A shares.The deadline for the share-settled deals is now July 31, the company said, adding the previous deadline was March 31.Cango said that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital proposing the acquisition of control of the company by Enduring Wealth and the disposal of Cango's business in China.The deals proposed in the letter of intent may affect some provisions in the purchase agreement for the crypto miners, Cango said, adding it reached an amendment agreement with the sellers to extend the deadline.Price: 4.13, Change: -0.07, Percent Change: -1.67","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}