Company: CENN
Filing Date: 2025-06-25
Form Type: DEF 14C
Source: 0001140361-25-023685
Chunk: 7

Company: Cenntro Inc.
Filing Date: 2025-06-25
Form: DEF 14C
Chunk 7
---
 each Stockholder will own a reduced number of shares of Common Stock. However, the Reverse Stock Split will affect all of our Stockholders uniformly and will not affect any Stockholder’s percentage ownership interests in the Company, except to the extent that the Reverse Stock Split results in any of our Stockholders owning a fractional share as described below. Voting rights and other rights and preferences of the holders of our Common Stock will not be affected by the Reverse Stock Split (other than as a result of the rounding up in lieu of issuing fractional shares). For example, a 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