other material
confidence high
sentiment neutral
materiality 0.60
Cenntro upsizes private placement to $57.0M; closes 15.12M share sale at $3.773
Cenntro Inc.
- First Amendment on Sept 14, 2026 raises offering from 12.8M to 15.12M shares.
- Private placement closed Sept 15, 2026; gross proceeds ~$57,047,760.
- Price $3.773/share, based on 5-day average Nasdaq close before Aug 25, 2026 agreement.
- Proceeds earmarked for working capital and general corporate purposes.
- Issued under Section 4(a)(2) and Regulation S; investors are non-U.S. persons.