Cenntro Inc. Board Approves Potential Reverse Stock Split at 1-for-10 to 1-for-250 Ratio

Reuters
14 Jun
Cenntro Inc. Board Approves Potential Reverse Stock Split at 1-for-10 to 1-for-250 Ratio

Cenntro Inc.'s Board of Directors has approved an amendment to the company's Articles of Incorporation to effect a reverse stock split of its outstanding Common Stock. The exchange ratio for the reverse stock split will be between 1-for-10 and 1-for-250, with the final timing and ratio to be determined by the Board. This decision aims to adjust the number of shares in circulation to potentially enhance the marketability and trading of the company's stock.

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