Cenntro raises about $57.05 million in private placement of 15,120,000 shares at $3.77 each
CENN•Private placement closed
Cenntro closed a private placement on Sept. 15, 2026, issuing 15,120,000 shares of common stock.
Gross proceeds totaled about US$57.05 million at US$3.77 per share.
Use of proceeds and offering details
Proceeds are earmarked for working capital and general corporate purposes.
The shares were sold in an unregistered offering under Securities Act Section 4(a)(2) and Regulation S to non-U.S. investors.
Offering size increased before closing
The offering size was increased on Sept. 14, 2026, from 12,800,000 shares to 15,120,000 shares.
