Cenntro amends $52.2M note floor price to $0.202; director resigns

Cenntro Inc.

First Amendment to $52.2M senior secured note sets conversion floor at $0.202, an 80% discount of prior day's closing bid.
Conversion price remains the lesser of fixed conversion price or 85% of 10-day VWAP; 9.99% ownership cap unchanged.
Director Dr. Yi Zeng resigned from the Board and audit committee effective May 15, 2025, with no stated disagreement.
Board intends to fill the audit committee vacancy left by Dr. Zeng's resignation.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Yi Zeng

Director

CENN · Cenntro Inc.

Effective: 2025-05-15
Filed: May 21, 2025, 7:59 PM ET

On May 15, 2025, Dr. Yi Zeng, the director (the “Director”) of the Company, notified the board of directors of the Company (the “Board”) of his decision to resign his position on the Board of the Company and as a member of the audit committee of the Board , effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Yi Zeng resigned as Director at Cenntro Inc..

Action: resigned
Role: Director

Exact text from the filing

On May 15, 2025, Dr. Yi Zeng, the director (the “Director”) of the Company, notified the board of directors of the Company (the “Board”) of his decision to resign his position on the Board of the Company and as a member of the audit committee of the Board , effective immediately.

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Cenntro Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-020044

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