Cenntro Inc. Completes $3.93M Private Placement of Common Stock

What Happened Cenntro Inc. (CENN) announced in a Form 8‑K filed June 5, 2026 that it closed a private placement on June 2, 2026. Under a securities purchase agreement dated May 12, 2026 (amended May 19, 2026), the company issued and sold 1,000,000 shares of common stock at $3.93 per share, for gross proceeds of approximately $3,930,000.

Key Details

• Issuance: 1,000,000 shares of common stock issued and sold.
• Price and proceeds: $3.93 per share; gross proceeds ≈ $3,930,000.
• Closing and agreements: Purchase agreement dated May 12, 2026, amended May 19, 2026; closing on June 2, 2026.
• Securities law treatment: Shares sold in a private placement to accredited investors relying on Section 4(a)(2) and Regulation S (transactions outside the U.S.); investors represented they were not “U.S. persons”; no general solicitation.

Why It Matters This transaction raises roughly $3.93 million in cash for Cenntro, which can be used for operations, working capital or other corporate purposes. The issuance increases the company’s outstanding share count by 1,000,000 shares, which is a direct dilution of existing equity (the percentage impact depends on total shares outstanding). The filing confirms the placement was done under private offering exemptions (not a public sale), which affects transferability and resale of the shares.