Cenntro Inc. (CENN) Form 424B5 — Oct 13, 2026
Cenntro Inc. filed a prospectus supplement for a $100 million at-the-market equity offering through Pacific Century Securities, dated October 9, 2026, paying a 3.5% commission on gross proceeds. The ATM capacity is roughly 120% of the company's ~$81 million non-affiliate market value, and shares outstanding could more than double from 17,585,452 to as many as 43,226,477 — representing extreme dilution potential.
Key figures
- Gross Proceeds
- 100000000
- Offering Price
- 3.9
- Shares Offered
- up to $100,000,000 aggregate offering price (up to ~25,641,025 shares at $3.90)
- Shares Outstanding
- 17,585,452 before offering; up to 43,226,477 after
- Commission
- 3.5% of gross proceeds
- Reverse Split
- 1-for-60 effected April 13, 2026
- Restricted Net Assets
- $26.8 million, or 79% of consolidated net assets as of June 30, 2026
- Estimated Net Proceeds
- 96348144
- Authorized Share Increase
- 3,000,000,000 to 10,000,000,000 common shares
- Pending Reverse Split Range
- 1-for-2 to 1-for-2,000 approved September 24, 2026
- September2026 Private Placement
- $57,047,760 gross at $3.773/share
AI analysis
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