Cenntro majority holders approve raising authorized shares to 10 billion from 3 billion
CENN•Cenntro majority holders approved increasing authorized common shares to 10 billion from 3 billion, with a reverse split ratio ranging from 1-for-2 to 1-for-2,000.
1. Share authorization and split
A majority shareholder written consent dated Sept. 24, 2026, set out the changes, with the share authorization amendment expected to take effect around Oct. 27, 2026. The reverse split would cover authorized and outstanding shares, round up fractional shares and change the common stock CUSIP; the board will set the ratio, and the split is to occur within one year.
