other material
confidence high
sentiment neutral
materiality 0.70
Cenntro signs $100M at-the-market sales agreement with Pacific Century Securities
Cenntro Inc.
- Cenntro may sell up to $100,000,000 of common stock through Pacific Century Securities as sales agent under an at-the-market offering.
- Sales Agent commission is 3.5% of aggregate gross proceeds; Cenntro reimburses up to $100,000 initial expenses, including $50,000 paid on Sept 1, 2026.
- Shares are sold under a prospectus supplement dated Oct 9, 2026, filed Oct 13, 2026, to Form S-3 Registration No. 333-292994 effective Feb 12, 2026.
- Cenntro is not obligated to sell shares, and Pacific Century may sell on the Nasdaq Capital Market under Rule 415(a)(4) at-the-market methods.
- The Sales Agreement dated October 9, 2026 between Cenntro Inc. and Pacific Century Securities, LLC is filed as Exhibit 1.1.