debt
confidence high
sentiment neutral
materiality 0.55
Cenntro exchanges $4M convertible note for equity; issues 12M shares to About Pte
Cenntro Inc.
- Entered exchange agreement with About Investment Pte. to replace existing senior secured convertible note with new $4M note at 8% interest, due Jan 19, 2026.
- Note immediately converted into 12,000,000 shares of CENN common stock at $0.0001 par value.
- Issuance exempt from registration under Section 3(a)(9) of the Securities Act as an exchange with existing security holder.
- Prior note was originally issued July 2022, assigned to About Pte, and amended to extend maturity to Jan 19, 2026.
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