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Bitcoin Mining Firm Cango to Terminate ADR, List Common Stock on NYSE in November

2025.10.16 10:48:28

On October 16th. The Bitcoin mining company Cango Inc. made an announcement that the board of directors has given the green light to the termination of its American Depositary Receipt (ADR) program. The ADRs will be annulled, and the company will directly list Class A common stock on the New York Stock Exchange (NYSE) instead. As per the announcement, the ADR program is scheduled to come to an end after the business closes on November 14, 2025. At that moment, holders of 1 ADS will receive 2 shares of Class A common stock. The Class A common stock is anticipated to start trading on the NYSE on November 17, with the trading symbol remaining as "CANG". Cango stated in the announcement that this structural adjustment is intended to enable U.S. investors to directly exercise shareholder rights, eliminate the custody fees shouldered by ADS holders, enhance the company's allure to institutional investors, and further fortify its standing in the U.S. market.
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Alameda Research Deposits 23,639 $ETH ($65.05M) to Wintermute for Sale

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FTX's asset liquidation team transferred 27,372 ETH to Wintermute, likely for an entrusted sale.

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