Cenntro receives court approval for Australian-to-U.S. redomicile; scheme effective

Cenntro Inc.

Supreme Court of New South Wales approved the scheme of arrangement on Feb 16, 2024; orders lodged with ASIC, making the scheme legally effective.
Eligible shareholders will receive one share of Cenntro Inc. (Nevada) for each Cenntro ordinary share held as of Record Date Feb 22, 2024.
Implementation date is Feb 27, 2024; dispatch of share confirmations begins Feb 29, 2024.
HoldCo Cenntro Inc. will become the new parent company, effecting redomiciliation to the United States.

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