Cango Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $92.1M
- Price
- $0.2245
- % Change (Daily % change from the live per-ticker quote feed.)
- -6.71%
- Volume
- 362.1K
Quote data as of 7:04 AM ET
About
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.
Quick stats
Shares outstanding410.2M
Computed float141.6M
Float sourceUnknown
Cash runway (months)Unknown
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001725123
Websitehttps://www.cangoonline.com
AI Summary
AI-generated15d agomajorbearishreverse splitCango Inc. Announces Results of Extraordinary General Meeting
Cango shareholders authorized the board to implement a reverse stock split at a ratio of up to 10:1 within the next 15 days.
The approval also includes an amendment to the company's memorandum and articles of association to reflect the consolidation.
The board has not yet decided whether to proceed with the split or the final ratio.
Red flags
- Authorization of up to 10:1 reverse split signals potential listing compliance issues
- Board retains sole discretion on timing and final consolidation ratio