DALLAS, Feb. 12, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”), a number one Bitcoin miner leveraging its world operations to develop an built-in vitality and AI compute platform, as we speak introduced that it closed the beforehand introduced US$10.5 million fairness funding from Enduring Wealth Capital Restricted (“EWCL”), and entered into definitive agreements with entities wholly-owned by Mr. Xin Jin, Chairman of the Firm, and Mr. Chang-Wei Chiu, a director of the Firm, pursuant to which these entities agreed to make fairness investments within the mixture quantity of US$65 million within the Firm.
As beforehand introduced, the Firm entered into an funding settlement with EWCL on December 29, 2025, and not too long ago issued 7 million Class B extraordinary shares, every carrying 20 votes per share, to EWCL at US$1.50 per share (the “Class B Funding”). After closing, EWCL’s helpful possession elevated from roughly 2.81% to roughly 4.71% of the Firm’s complete excellent extraordinary shares, and its voting energy rose from roughly 36.68% to 49.71% of the whole voting energy.
To reaffirm their confidence within the Firm’s strategic trajectory and future prospects, Mr. Jin and Mr. Chiu indicated their intent to make fairness investments. With the approval of the audit committee and the board of administrators, the Firm entered into (i) an funding settlement with Fortune Peak Restricted (“FPL”), wholly owned by Mr. Chiu, pursuant to which FPL agrees to subscribe for 29,975,137 Class A extraordinary shares, every carrying one vote per share, for an mixture of US$39,567,181 (the “Mr. Chiu Class A Funding”), and (ii) an funding settlement with Armada Community Restricted (“ANL”), wholly owned by Mr. Jin, for 19,267,287 Class A shares for an mixture of US$25,432,819 (the “Mr. Jin Class A Funding”). The acquisition value, US$1.32 per share, was decided just about the closing value of the Firm’s Class A shares over the previous 4 weeks.
Upon completion, Mr. Chiu is anticipated to carry roughly 11.99% of the whole excellent shares and 6.71% of the voting energy; Mr. Jin roughly 4.70% and a couple of.63%, respectively. Closing of every funding is topic to customary circumstances and regulatory approvals, with each anticipated to shut in February 2026.
The Firm intends to make use of the proceeds from these investments to assist its growth into AI and computing infrastructure, whereas additional strengthening its stability sheet.
Investor Relations Contact
Juliet Ye, Head of Communications
[email protected]
