Cenntro targets USD 48.29 million private placement of up to 12,800,000 shares at USD 3.77 each - CENN News | RalliesCenntro targets USD 48.29 million private placement of up to 12,800,000 shares at USD 3.77 each
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CENN• Private placement terms
- Cenntro signed securities purchase agreements on Aug. 25, 2026 for a private placement of up to 12,800,000 common shares.
- The deal is priced at USD 3.77 per share, implying gross proceeds of about USD 48.29 million.
- Proceeds are earmarked for working capital and general corporate purposes.
- The shares are being sold in an unregistered offering under Securities Act Section 4(a)(2) and Regulation S.
- Closing remains pending; no shares have been issued as conditions have not been met.
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