Company: CENN
Filing Date: 2025-06-13
Form Type: PRE 14C
Source: 0001140361-25-022455
Chunk: 7

Company: Cenntro Inc.
Filing Date: 2025-06-13
Form: PRE 14C
Chunk 7
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 of Common Stock reserved for issuance upon exercise or vesting of such stock options, restricted stock units and warrants, and, in the case of stock options and warrants, a proportional increase in the exercise price of all such stock options and warrants;

| • | The number of shares then reserved for issuance under our equity compensation plans will generally be reduced proportionally based upon the Reverse Stock Split ratio selected by the Board; however, pursuant to the terms of the Company’s 2023 Equity Incentive Plan (the “2023 Plan”), as amended, the number of shares then reserved for issuance under such plan will not be adjusted based upon the Reverse Stock Split ratio. |

Our Common Stock is currently registered under Section 12(b) of the Exchange Act, and we are subject to the periodic reporting and other requirements of the Exchange Act. The implementation of any proposed Reverse Stock Split will not affect the registration of our Common Stock under the Exchange Act. Our Common Stock would continue to be listed on The Nasdaq Capital Market under the symbol “CENN” immediately following the Reverse Stock Split. Effective Date The Reverse Stock Split will become effective immediately after the date we file the Amendment with the State of Nevada. We intend to file the Amendment with the State of Nevada promptly after the twentieth (20 th) day following the date on which this Information Statement is mailed to the Stockholders. The Reverse Stock Split shall become effective on the date that Nasdaq processes the Reserve Stock Split in the markets. We intend to file for the Reverse Stock Split and have it become effective as soon as possible after the twentieth (20 th) day following the date on which this Information Statement is mailed to the Stockholders. At the effective time of the Reverse Split, shares of Common Stock issued and outstanding immediately prior thereto were combined, automatically and without any action on the part of us or our Stockholders, into a reduced number of shares of our Common Stock in accordance with the Reverse Stock Split ratio determined by our Board and Stockholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio are issued an additional fraction of a share of Common Stock to round up to the next whole share. No Appraisals Rights Under Nevada law, you will not be entitled to appraisal rights upon our implementation of the Reverse Stock Split Material U.S. Federal Income Tax Considerations of the Reverse Stock Split The following discussion summarizes certain material U.S. federal income tax considerations of the Reverse Stock Split that would be expected to apply generally to U