SplitApr 15, 2026, 04:36 PM
Cenntro Inc. Approves 1-for-60 Reverse Stock Split
AI Summary
Cenntro Inc.'s Board of Directors approved a 1-for-60 reverse stock split, effective April 13, 2026. This corporate action will significantly reduce the company's authorized capital stock from 1.1 billion to approximately 18.33 million shares. The split aims to consolidate outstanding shares, a common move to potentially meet stock exchange listing requirements.
Key Highlights
- Board approved a 1-for-60 reverse stock split.
- Effective date for the reverse stock split is April 13, 2026.
- Authorized capital stock reduced from 1.1 billion to 18.33 million shares.
- Authorized Common Stock reduced from 1 billion to 16.67 million shares.
- Authorized Preferred Stock reduced from 100 million to 1.67 million shares.