Cenntro postpones 1-for-10 reverse stock split pending DTCC eligibility

Cenntro Inc.

Reverse stock split postponed; effective date TBD pending DTCC confirmation of post-split share eligibility.
The 1-for-10 split aims to regain Nasdaq minimum $1.00 bid price compliance by December 18, 2023.
Post-split shares outstanding would reduce from ~304.4M to ~30.4M (plus fractional share adjustments).
No fractional shares will be issued; whole share issued for any fractional interest.
Trading symbol remains CENN; new CUSIP after split: Q6519V146.

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