Cenntro effects 1-for-60 reverse stock split to address Nasdaq bid price compliance

Cenntro Inc.

1-for-60 reverse split effective April 13, 2026; shares outstanding reduced from ~87.9M to ~1.47M.
Authorized common shares cut from 1B to ~16.7M; preferred from 100M to 1.67M.
Split targets Nasdaq minimum $1.00 bid price under Listing Rule 5550(a)(2).
No fractional shares issued; stockholders of record receive one whole share for any fraction.
CUSIP changes to 150964302; stock continues trading as CENN.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cenntro Inc.: Approved and filed a Certificate of Amendment to effect a 1-for-60 reverse stock split and proportionally reduce authorized shares of common and preferred stock (effective 2026-04-13).

Change: charter amendment
Effective: 2026-04-13

Exact text from the filing

On April 13, 2026, the Company filed a Certificate of Amendment to Amended and Restated Articles of Incorporation with the Secretary of State of Nevada.

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Cenntro Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-014798

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