Cenntro Inc. (CENN) SEC Filings

Cenntro Inc. reported continuing net revenues of $7.4 million for the six months ended June 30, 2026, compared with $8.5 million in 2025, mainly from electric commercial vehicle and parts sales across Europe, Asia and America. Gross profit was $0.6 million. Operating expenses of $12.1 million, including a $2.9 million impairment on prepayments and other current assets and lower selling, G&A and R&D than a year earlier, led to a loss from operations of $11.5 million.

Other items included a $1.3 million gain from remeasurement of convertible notes and a $1.9 million loss on deconsolidation of Antric. Continuing operations posted a net loss of $11.7 million; discontinued European subsidiaries generated an additional $2.8 million loss, for a total net loss attributable to shareholders of $14.5 million and basic and diluted loss per share of $8.94. Cash used in operations was $5.5 million, partly offset by $5.0 million of net financing inflows and $3.9 million of stock proceeds held in a regulated collection account, leaving $4.3 million in cash and cash equivalents.

At June 30, 2026, Cenntro had $68.4 million in total assets, including $18.4 million of inventories and $15.1 million of property, plant and equipment, against $34.4 million of total liabilities, such as $4.8 million of bank borrowings, $2.6 million of convertible promissory notes and $5.7 million of contract liabilities. Total equity attributable to shareholders was $33.9 million. The company executed a 1‑for‑60 reverse stock split on April 13, 2026 and continued restructuring its European operations, with several subsidiaries and Antric deconsolidated and most European activities presented as discontinued operations.

Cenntro Inc. implemented a Capital Stock Increase through a Certificate of Amendment effective July 20, 2026. Authorized common stock rose from 16,666,667 shares to 3,000,000,000 shares, and authorized preferred stock from 1,666,667 shares to 100,000,000 shares, each with $0.0001 par value.

The amendment was filed with the Nevada Secretary of State on July 22, 2026, following approval by stockholders holding a majority of the Company’s voting power via written consent dated June 12, 2026. No other changes were made to the Amended and Restated Certificate of Incorporation.

Cenntro Inc. (CENN) notified stockholders that its board and majority holders approved corporate governance changes by written consent.

The actions include (1) increasing authorized Common Stock from 16,666,667 to 3,000,000,000 shares and Preferred Stock from 1,666,667 to 100,000,000, effective on or about July 20, 2026; (2) authorizing a reverse stock split at a ratio between 1-for-2 and 1-for-250, to be determined by the Board and effective within one year of approval; and (3) approving a Certificate of Change to update the Articles of Incorporation following the Reverse Stock Split.

The Written Consent was executed on June 12, 2026 by holders of 1,394,562 shares, a majority of the 2,465,452 shares issued and outstanding as of that date. The Information Statement was first furnished to stockholders on June 30, 2026.

Cenntro Inc. notified stockholders that its Board and Majority Stockholders approved, by written consent, an increase in authorized capital and a discretionary reverse stock split. The increase raises authorized Common Stock to 3,000,000,000 shares and Preferred Stock to 100,000,000 shares, effective on or about July 20, 2026.

The Written Consent was delivered by holders of 1,394,562 shares (a majority) and was taken in lieu of a meeting. As of June 12, 2026, there were 2,465,452 shares of Common Stock issued and outstanding. The Board also approved a reverse stock split at a ratio between 1-for-2 and 1-for-250, to be selectable by the Board and effective no later than one year after approval.

Cenntro Inc. completed a private placement of 1,000,000 shares of common stock at $3.93 per share, raising about $3,930,000 in gross proceeds. The shares were sold to accredited investors in a transaction exempt from SEC registration under Section 4(a)(2) and Regulation S, with investors representing they were not U.S. persons for stock sold outside the United States. The company states it did not use general solicitation or public advertising. This transaction closed on June 2, 2026 and is incorporated by reference into Cenntro’s existing Form S‑3 shelf registration.

Cenntro Inc. entered into securities purchase agreements for a private placement of 1,000,000 shares of common stock at $3.93 per share, for gross proceeds of about $3,930,000. The company plans to use the funds for working capital and general corporate purposes.

The placement is structured to comply with Nasdaq Listing Rule 5635(d) by pricing at the same closing price as that day’s common stock. An amendment allows purchase price settlement, including subscription in stablecoins, and updates share delivery terms. The transaction relies on exemptions from registration under Section 4(a)(2) and Regulation S, with sales limited to non‑U.S. persons and subject to transfer restrictions. Closing remains subject to customary conditions, and no shares have been issued yet.

Cenntro Inc. reported first-quarter 2026 results showing a smaller loss but sharply lower sales. Net revenues from continuing operations were $1,212,160, down from $2,143,058 a year earlier, while net loss attributable to shareholders narrowed to $3,908,099 from $5,654,336. Operating activities used $2,806,429 of cash, and cash, cash equivalents and restricted cash ended the quarter at $3,727,561. The company recorded income from discontinued European operations of $139,785 and continues to classify related assets and liabilities as held for sale. On April 13, 2026, Cenntro effected a 1-for-60 reverse stock split, and weighted average basic and diluted shares outstanding were 1,465,214, resulting in a basic and diluted loss per share of $2.66.

Cenntro Inc. regained compliance with Nasdaq’s minimum bid price requirement for continued listing on The Nasdaq Capital Market. Nasdaq notified the company on April 27, 2026 that its common stock met the $1.00 per share bid price requirement under Nasdaq Listing Rule 5550(a)(2) and that the matter is closed.

Cenntro’s press release notes the closing bid price of its common stock was at least $1.00 per share for ten consecutive business days from April 13 to April 24, 2026, satisfying Nasdaq’s criteria for bid price compliance.

Cenntro Inc. has implemented a 1-for-60 reverse stock split of its common and preferred stock, effective April 13, 2026. The move is intended to help the company seek to regain compliance with Nasdaq’s minimum $1.00 bid price requirement under Listing Rule 5550(a)(2).

As part of the action, authorized capital was reduced from 1.1 billion shares to 18,333,334 shares, including 16,666,667 common and 1,666,667 preferred shares. The reverse split reduces issued and outstanding common shares from approximately 87,912,831 to approximately 1,465,214, with fractional shares rounded up to the next whole share. Cenntro’s stock now trades on a split-adjusted basis on the Nasdaq Capital Market under the symbol CENN with new CUSIP 150964302.