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Cenntro Inc. Enters into Exchange Agreement for Convertible Note
CENN
Debt Issuance
Convertible Preferred Issuance
- On October 23, 2025, Cenntro Inc. and About Investment Pte. Ltd. entered into an exchange agreement for an outstanding senior secured convertible note.
- About Investment Pte. Ltd. received a new secured convertible promissory note with a principal amount of $4,000,000, an 8% annual interest rate, and a maturity date of January 19, 2026.
- As of October 28, 2025, About Investment Pte. Ltd. has converted the Exchange Note to purchase 12,000,000 shares of common stock at a conversion price of $0.10 per share.
- In the event of default, the interest rate on the Exchange Note will increase to the lesser of 10% per annum or the maximum legal rate, and 110% of the outstanding principal plus accrued interest may become immediately due.
Oct 28, 2025, 8:31 PM
Cenntro Granted Nasdaq Minimum Bid Price Extension
CENN
Delisting/Listing Issues
- Cenntro Inc. (CENN) has been granted an additional 180-day extension by Nasdaq to regain compliance with the minimum $1.00 closing bid price requirement.
- The new deadline for Cenntro to meet this requirement is April 20, 2026.
- This extension follows an initial notification received on April 25, 2025, due to the company's common stock trading below $1.00 per share for thirty consecutive business days.
- To regain compliance, Cenntro must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.
Oct 24, 2025, 8:30 PM
Cenntro Granted Nasdaq Minimum Bid Price Extension
CENN
Delisting/Listing Issues
- Cenntro Inc. has been granted an additional 180-day extension by Nasdaq to meet the $1.00 minimum closing bid price requirement.
- The new deadline for Cenntro to regain compliance is April 20, 2026.
- To comply, the company's stock must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days by the extended deadline.
- This extension follows an initial notification on April 25, 2025, and the company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "CENN" without immediate effect.
Oct 24, 2025, 8:30 PM
Quarterly earnings call transcripts for Cenntro.
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