Key facts
- This page summarizes Chiu Chang-Wei's Form 3 filing for Cango Inc. (CANG).
- 0 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 18 Mar 2026, 16:11.
Key filing fact
Ownership activity is grounded in SEC Form 3 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
No transaction description listed
No transaction description listed
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
No transaction description listed
No transaction description listed
No transaction description listed
Additional SEC filing notes
Footnote F1
Mr. Chiu Chang-Wei disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Footnote F2
The warrants to purchase Class A Shares are exercisable upon certain events described in the on-rack sales and purchase agreement between Cango Inc. and certain sellers of on-rack crypto mining machines dated November 6, 2024 as amended, supplemented, modified and varied as of March 25, 2025, April 3, 2025, June 4, 2025 and June 23, 2025.
Footnote F3
Specifically, the warrants are exercisable, in whole or in part by the warrant holder, at any time or from time to time during the period commencing on the date when the Additional Issuance Condition is first satisfied (the "Exercise Start Date"), and ending on the date falling three (3) months after the Exercise Start Date. "Additional Issuance Condition" refers to the occurrence of first Test Period in which the market capitalization of the Issuer of each of the trading days during such Test Period, calculated by multiplying the per ordinary share price of the Purchaser implied by the daily VWAP of such trading day by the total number of outstanding shares of the Issuer at the close of market on such trading day, is at least US$1,825,000,000 (excluding any effect of future straight equity financing from and after the date hereof). "Test Period" means any consecutive 30-trading day period that commences after June 27, 2025 and ends prior to the date falling 30 months thereafter.
Footnote F4
25% of the options held by Mr. Chiu Chang-Wei will vest and become exercisable on October 31, 2026, and the remaining 75% will vest and become exercisable in 36 equal monthly installments on the last day of each month thereafter. Each tranche expires on the third anniversary of the date it becomes exercisable.