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Cango Inc (NYSE:CANG)., a Shanghai-based company specializing in prepackaged software services, has announced a definitive agreement with its founders and EWCL. The announcement was made through a recent SEC filing.
The agreement, detailed in a securities purchase agreement dated June 2, 2025, involves a strategic transaction between Cango Inc. and its founding members alongside EWCL. The specifics of the transaction, including financial terms and strategic goals, were not disclosed in the filing.
Cango Inc., listed under the SEC file number 001-38590, operates from its principal executive offices located at New Bund Oriental Plaza II in Shanghai. The company is classified under the services-prepackaged software category, indicating its focus on software solutions.
The filing was signed by Jiayuan Lin, the Director and Chief Executive Officer of Cango Inc. The announcement is part of the company’s regular reporting obligations as a foreign private issuer under the Securities Exchange Act of 1934.
This development follows Cango Inc.’s ongoing efforts to enhance its business operations and strategic partnerships. The agreement with the founders and EWCL is expected to play a role in the company’s future endeavors, although specific impacts or objectives were not outlined in the filing.
The information in this article is based on a press release statement submitted to the SEC, ensuring compliance with regulatory requirements.
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