Cenntro Electric Grp. Ltd.

Cenntro has appointed Charles Athle Nelson, effective December 23, 2025, as an independent member of the board of directors and as a member of the audit committee; the appointment follows the resignation of Gang “Gavin” Lin for personal reasons. Nelson brings 35 years of capital markets experience, including roles at AIG and Dean Witter and involvement in financings and IPOs in the FinTech, healthcare and biopharma sectors. His compensation is $25,000 per year, and the board considers him independent under Nasdaq Rule 5605(a)(2). Additionally, Nasdaq has granted Cenntro a 180-day extension until April 20, 2026 to regain the minimum $1.00 closing bid price. » Mere på de.investing.com

Cenntro has received a 180-day extension from Nasdaq until April 20, 2026, to restore the minimum price of $1.00. The stock currently trades at $0.21 and the company is considering measures such as a reverse stock split to comply; alternatively, the closing price must be at least $1.00 for ten consecutive trading days. The listing and trading remain unchanged, while Cenntro reported strong revenue growth of 144% last year but carries high leverage (debt-to-capital 0.68). » Mere på de.investing.com