Cenntro Inc. 8-K

What Happened

• Cenntro Inc. announced a 1-for-60 reverse stock split of its common and preferred shares, approved by the Board on March 22, 2026 and effective for trading at the market open on April 13, 2026. The split follows a June 11, 2025 written consent by the company’s Controlling Stockholders authorizing a reverse split in a ratio between 1-for-10 and 1-for-250.
• The company filed required Certificates with the Nevada Secretary of State (filed March 24 and April 13, 2026). The common stock trades on the Nasdaq Capital Market on a split-adjusted basis under the symbol CENN; the new post-split CUSIP is 150964302. The company furnished a press release about the reverse split on April 9, 2026 (Exhibit 99.1).

Key Details

• Reverse split ratio: 1-for-60 (each 60 pre-split shares → 1 post-split share).
• Effective date for trading: April 13, 2026 (market open).
• Authorized shares reduced from 1,100,000,000 total (1,000,000,000 common; 100,000,000 preferred) to 18,333,334 total (16,666,667 common; 1,666,667 preferred).
• Fractional shares resulting from the split were rounded up to the next whole share.

Why It Matters

• A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally; it does not change each shareholder’s proportional ownership except for rounding of fractional shares (the company rounded up fractions).
• For investors, the change may affect share price level, per-share metrics, and trading liquidity; the listing and ticker remain on Nasdaq as CENN with a new CUSIP.
• The filing reports a structural corporate action (Item 5.03) and provides the company’s official notice and press release (Item 7.01); there are no earnings or executive changes reported in this 8-K.