Cenntro enters private placement: 12.8M shares at $3.773 for ~$48.3M gross proceeds

Cenntro Inc.

Private placement of up to 12,800,000 common shares at $3.773/share; gross proceeds ~$48,294,400.
Price equals 5-day Nasdaq average closing price; no shareholder approval required under Nasdaq Rule 5635(d).
Exempt under Section 4(a)(2) and Regulation S; purchases are non-US persons, no general solicitation.
Proceeds for working capital and general corporate purposes; closing subject to customary conditions and not yet closed.
Shares are unregistered, restricted securities with a one-year Regulation S holding period.

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