STOCK TITAN

Cenntro raises $57M in upsized share sale

Cenntro Inc. upsized and closed a $57.0 million exempt private placement of common stock to non-U.S. accredited investors for working capital and corporate purposes.

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cenntro Inc. (CENN) reported that it amended its existing securities purchase agreements with accredited investors to expand a previously announced private placement of common stock. The amendment increased the offering from up to 12,800,000 shares to up to 15,120,000 shares of common stock at a purchase price of $3.773 per share, for an aggregate amount of up to $57,047,760.

The private placement closed on September 15, 2026, and the company received aggregate gross proceeds of approximately $57,047,760. Cenntro states that it intends to use the proceeds for working capital and general corporate purposes. The shares were sold in a transaction relying on exemptions from registration under Section 4(a)(2) of the Securities Act and Regulation S, with each investor representing it is not a U.S. person and no general solicitation or public offering conducted.

Positive

  • None.

Negative

  • None.

Filing Explained

The completed financing added 15.12 million shares, reducing existing holders’ percentage ownership while providing approximately $57 million in gross proceeds.

The September 16 filing records a completed private placement: $57,047,760 of gross proceeds were received and 15,120,000 common shares were issued and sold, reducing existing holders’ percentage ownership absent offsetting changes.

For scale, the latest reported June 30 cash balance was $4,331,715, while the completed financing produced approximately $57,047,760 in gross proceeds; the cash balance equals 145.3 days of the last reported quarterly operating cash use at that rate.

The company says it will use the proceeds for working capital and general corporate purposes, without specifying a more detailed allocation in this filing.

Sources and calculations
  • Cenntro Inc. Form 8-K (2026-09-16)
  • Dilution definition (2026-07-17)
  • Cenntro Inc. latest quarterly fundamentals (2026-06-30)
  • Available liquidity against the last reported quarterly operating outflow, in days at that rate $4,331,715 / ($2,713,723 / 91) = 145.3 days
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Upsized offering shares 15,120,000 shares Maximum number of common shares in the amended private placement
Original offering shares 12,800,000 shares Maximum number of common shares under the original securities purchase agreements
Purchase price per share $3.773 per share Price per Cenntro common share in the private placement
Aggregate gross proceeds $57,047,760 Total gross proceeds received from the private placement
Private placement closing date September 15, 2026 Date the private placement closed
Amendment approval date September 14, 2026 Date the First Amendment to the Purchase Agreement was entered into and approved by the Board
Private Placement financial
"the Company agreed to issue and sell, in a private placement (the “Private Placement”)"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
accredited investors financial
"entered into securities purchase agreements ... with certain accredited investors"
Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.
Section 4(a)(2) regulatory
"in reliance upon the exemptions from the registration requirements ... pursuant to Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
Regulation S regulatory
"and Regulation S promulgated thereunder. Each Investor represented that it is not a “U.S. person”"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
general solicitation regulatory
"The Company did not engage in general solicitation or advertising"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What capital did Cenntro Inc. (CENN) raise in this private placement?

Cenntro raised aggregate gross proceeds of approximately $57,047,760 through a private placement of common stock. The company states it intends to use these funds for working capital and general corporate purposes.

How many Cenntro Inc. (CENN) shares were included in the amended private placement?

The First Amendment increased the private placement size to up to 15,120,000 shares of Cenntro common stock. This was an increase from the previously agreed offering size of up to 12,800,000 shares.

What was the share price in Cenntro Inc.’s (CENN) private placement?

Each share of Cenntro common stock in the private placement was priced at $3.773 per share, described as the average Nasdaq official closing price for the five trading days immediately preceding the securities purchase agreements.

When did Cenntro Inc. (CENN) close the private placement?

Cenntro states that the private placement closed on September 15, 2026. The First Amendment to increase the offering size was entered into on September 14, 2026 and approved by the Board of Directors the same day.

Under what exemptions did Cenntro Inc. (CENN) issue the private placement shares?

Cenntro issued and sold the common stock in reliance on exemptions from registration under the Securities Act, specifically Section 4(a)(2) and Regulation S. Each investor represented it is not a “U.S. person”, and no general solicitation or public offering was conducted.

Who were the investors in Cenntro Inc.’s (CENN) private placement?

The investors were described as accredited investors who are not “U.S. persons” under Regulation S. Cenntro also states it did not engage in general solicitation or advertising and did not offer the securities to the public.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): September 14, 2026
 
Cenntro Inc.
(Exact Name of Registrant as Specified in Charters)

Nevada
 
001-38544
 
93-2211556
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS. Employer Identification No.)
 
33 Wood Avenue South, Suite 600, PMB #3572
Iselin, New Jersey 08830
(Address of Principal Executive Offices, and Zip Code)

(732) 820-6757
Registrant’s Telephone Number, Including Area Code

(Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbol(s)
  Name of each exchange on which registered
Common Stock, $0.0001 par value per share
  CENN   The Nasdaq Stock Market LLC
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01
Entry into a Material Definitive Agreement.
 
The information disclosed in Item 3.02 below is incorporated by reference into this Item 1.01.
 
Item 3.02
Unregistered Sales of Equity Securities.
 
As previously disclosed, on August 25, 2026, Cenntro Inc., a Nevada corporation (the “Company”) entered into securities purchase agreements (the “Purchase Agreement”) with certain accredited investors (the “Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “Private Placement”), an aggregate of up to 12,800,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) at a purchase price of $3.773 per share of Common Stock, being the average Nasdaq official closing price of the Common Stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the date of the securities purchase agreements.
 
On September 14, 2026, the Company entered into the First Amendment to the Purchase Agreement (the “First Amendment”) by and among the Company and the Investors, which was approved by the Board of Directors of the Company on the same date, to increase the offering size from up to 12,800,000 shares of Common Stock, to up to an aggregate of US$57,047,760 to issue and sale an aggregate of up to 15,120,000 shares of Common Stock (the “Sale Shares”), at the same purchase price of $3.773 per Sale Share.
 
The foregoing summary of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the agreement, a form of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
 
The Private Placement closed on September 15, 2026. The Company received aggregate gross proceeds of approximately $57,047,760 from the Private Placement and intends to use the proceeds for working capital and general corporate purposes. The Common Stock were issued and sold by the Company to the Investors in reliance upon the exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof, and Regulation S promulgated thereunder. Each Investor represented that it is not a “U.S. person” in accordance with Regulation S under the Securities Act. The Company did not engage in general solicitation or advertising and did not offer securities to the public in connection with the issuance and sale of the Common Stock described in this report.
 
This current report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. This report shall be deemed to be incorporated by reference into the registration statement of the Company on Form S-3 (File No. 333-292994) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

Item 9.01
Financial Statements and Exhibits

(d)
Exhibits

Exhibits Numbers
Description
10.1
Form of the First Amendment to Securities Purchase Agreement
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: September 16, 2026

 
 

 
Cenntro Inc.
 
 
By:
/s/ Peter Z. Wang
 
Name: Peter Z. Wang
 
Title: Chief Executive Officer
 


Filing Exhibits & Attachments

4 documents

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