Financing ·
On August 25, 2026, Cenntro Inc. entered into securities purchase agreements with accredited investors to conduct a…
CENNCenntro Inc.
On August 25, 2026, Cenntro Inc. entered into securities purchase agreements with accredited investors to conduct a private placement of up to 12,800,000 shares of common stock at $3.773 per share, targeting gross proceeds of approximately $48,294,400. The pricing reflects the average Nasdaq closing price over the preceding five trading days, allowing the issuance to bypass shareholder approval under Nasdaq Listing Rule 5635(d). Proceeds are designated for working capital and general corporate purposes. As of the filing date, customary closing conditions remain unsatisfied and no shares have been issued. Cenntro Inc. operates in the electric vehicle manufacturing industry.