Cenntro Inc., a Nevada-based corporation, has announced a significant decision from its Board of Directors. The Board has approved an amendment to the company's Articles of Incorporation to implement a reverse stock split of its outstanding Common Stock. The exchange ratio for this reverse split will range between 1-for-10 and 1-for-250, with the specific timing and ratio to be determined by the Board. This strategic move aims to modify the company's stock structure, potentially impacting the value and distribution of its shares.
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