- Cango Inc (NYSE:CANG) board of directors has authorized a new share repurchase program for up to $50 million worth of shares.
- The repurchases may be made from time to time over the next 12 months, starting from Apr. 25, 2023.
- The board of directors will review the new share repurchase program periodically and may authorize adjustment of its terms and size.
- Under the existing share repurchase program, announced on Apr. 22, 2022, Cango repurchased 2.7 million ADSs for $5.7 million up to Apr. 17, 2023.
- The existing share repurchase program will remain in effect until its expiration on Apr. 25, 2023.
- Cango plans to fund the repurchases from its existing cash balance. It held $54.9 million in cash and equivalents as of Dec. 31, 2022.
- Price Action: CANG shares are trading higher by 7.89% at $1.23 in premarket on the last check Friday.
Apple Weather App Can’t Handle Snow: Bug Shows A File Icon, And People Are Making Fun Of It
If you thought it's just you who cannot handle snow, fret not, you now have company, even Apple Weather cannot handle it.
