Cenntro majority holders OK raising authorized common shares to 10,000,000,000 from 3,000,000,000
Bitget2026/10/07 20:32Board action via majority shareholder written consent on Sept. 24, 2026, set up a major capital structure overhaul. Authorized common shares to rise to 10,000,000,000 from 3,000,000,000, with the amendment expected effective around Oct. 27, 2026. Reverse stock split range widened to 1-for-2 up to 1-for-2,000, with the final ratio left to the board. Split to cover authorized and outstanding shares, round up fractional shares, change the common stock CUSIP, with timing within one year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cenntro Inc. (The Corporation) published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-038927), on October 07, 2026, and is solely responsible for the information contained therein.
- Board action via majority shareholder written consent on Sept. 24, 2026, set up a major capital structure overhaul.
- Authorized common shares to rise to 10,000,000,000 from 3,000,000,000, with the amendment expected effective around Oct. 27, 2026.
- Reverse stock split range widened to 1-for-2 up to 1-for-2,000, with the final ratio left to the board.
- Split to cover authorized and outstanding shares, round up fractional shares, change the common stock CUSIP, with timing within one year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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