Cenntro Electric Files $100M Mixed Securities Shelf

Extension Granted: Cenntro Inc. has received a 180-day extension from Nasdaq to comply with the minimum $1.00 closing bid price requirement, now having until April 20, 2026, to meet this standard.

Compliance Requirements: To regain compliance, Cenntro must maintain a closing bid price of at least $1.00 per share for ten consecutive business days before the end of the extension period.

Previous Non-Compliance: The company was previously notified on April 25, 2025, that it was not in compliance due to its stock price being below $1.00 for thirty consecutive business days.

Company Overview: Cenntro is an electric commercial vehicle manufacturer focused on building a global supply chain and enhancing its product capabilities through advanced technologies.

Partnership Announcement: Cenntro Inc. has signed a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco for local and Northern African distribution, enhancing their longstanding relationship.

Support and Development: Cenntro will supply assembly kits and provide technical support to Electricove, which will establish a local assembly plant, receiving strong backing from Moroccan authorities and business organizations.