Business
Cango Inc. Closed the Previously Announced US$10.5 Million Equity Investment from EWCL and Secured US$65 Million Additional Equity Investments
Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it closed the previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited ("EWCL"), and entered into definitive agreements with entities wholly-owned by Mr. Xin Jin, Chairman of the Company, and Mr. Chang-Wei Chiu, a director of the Company, pursuant to which these entities agreed
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[{"type":"text","content":"DALLAS, Feb. 12, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it closed the previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited ("EWCL"), and entered into definitive agreements with entities wholly-owned by Mr. Xin Jin, Chairman of the Company, and Mr. Chang-Wei Chiu, a director of the Company, pursuant to which these entities agreed to make equity investments in the aggregate amount of US$65 million in the Company.","length":657,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Cango Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Cango Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":116,"url":"https://media.zenfs.com/en/prnewswire.com/97116cf43b8048cbbc93eda631981b4c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OZHLntqsLfMY1lwmK6olnQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/97116cf43b8048cbbc93eda631981b4c","width":400,"height":116},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/TMFo.y8jgtc4RlWH7bXmqw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/97116cf43b8048cbbc93eda631981b4c","width":400,"height":116}},"href":"https://mma.prnewswire.com/media/2675436/CANG_LOGO_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As previously announced, the Company entered into an investment agreement with EWCL on December 29, 2025, and pursuant to the agreement, the Company recently issued 7 million Class B ordinary shares, each carrying 20 votes per share, to EWCL at a price of US$1.50 per share (the "Class B Investment"). After closing of the Class B Investment, EWCL's beneficial ownership increased from approximately 2.81% to approximately 4.71% of the Company's total outstanding ordinary shares, and its voting power increased from approximately 36.68% to approximately 49.71% of the Company's total voting power.","length":620,"tagName":"p"},{"type":"text","content":"To reaffirm their confidence in the Company's strategic trajectory and future business prospects, Mr. Jin and Mr. Chiu in...