Company: CENN
Filing Date: 2025-06-13
Form Type: PRE 14C
Source: 0001140361-25-022455
Chunk: 6

Company: Cenntro Inc.
Filing Date: 2025-06-13
Form: PRE 14C
Chunk 6
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 holder of 2% of the voting power of the outstanding shares of our Common Stock immediately prior to the Reverse Stock Split would continue to hold 2% (assuming there is no impact as a result of the rounding up in lieu of issuing fractional shares) of the voting power of the outstanding shares of our Common Stock immediately after such Reverse Stock Split. The number of Stockholders of record will not be affected by the Reverse Stock Split. The principal features of the Reverse Stock Split will be that:

| • | Depending on the Reverse Stock Split ratio selected by the Board, each 10 to 250 shares of our Common Stock owned by a Stockholder will be combined into one new share of our Common Stock; |

| • | By effectively condensing a number of pre-split shares into one share of Common Stock, the per share price of a post-split share is generally greater than the per share price of a pre-split share. The amount of the initial increase in per share price and the duration of such increase, however, is uncertain. The Board may utilize the Reverse Stock Split as part of its plan to maintain the required minimum per share price of the Common Stock under the Nasdaq listing standards; |

| • | By reducing the number of shares outstanding without reducing the number of shares of Common Stock authorized for issuance, the Reverse Stock Split will increase the number of shares of Common Stock available for issuance. The Board believes the increase is appropriate for use to fund the future operations of the Company. Although the Company does not have any pending acquisitions for which shares are expected to be used, the Company may also use authorized shares in connection with the financing of future acquisitions; |

| • | No fractional shares of Common Stock will be issued in connection with the Reverse Stock Split; instead, stockholders who would be entitled to receive fractional shares of Common Stock because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will be issued an additional fraction of a share of Common Stock to round up to the next whole post-Reverse Stock Split share of Common Stock; |

| • | The total number of authorized shares of our Common Stock is 1,000,000,000 ; |

| • | Based upon the Reverse Stock Split ratio selected by the Board, proportionate adjustments will be made to the per share exercise price and the number of shares issuable upon the exercise or vesting of all then outstanding stock options, restricted stock units and warrants, which will result in a proportional decrease |

4

in the number of shares