Cenntro Electric Group Limited Announces Imminent Implementation of the Scheme of Arrangement
Cenntro Inc. (CENN)
Company Research
Source: Business Wire
FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.Cenntro is pleased to announce that the Scheme will be implemented tomorrow February 27, 2024, in accordance with the previously announced timeline (the “Implementation Date”). On the Implementation Date, HoldCo will acquire all of the issued ordinary shares of Cenntro and exchange them for shares of common stock of HoldCo on a 1:1 basis. Implementation of the Scheme will not affect trading of shares on Nasdaq under ticker symbol
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CENN
News
- Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial ResultsBusiness Wire
- Cenntro Electric Group Limited Announces Imminent Implementation of the Scheme of ArrangementBusiness Wire
- Cenntro Electric Group Limited Announces Imminent Implementation of the Scheme of Arrangement [Yahoo! Finance]Yahoo! Finance
- Cenntro Electric Group Limited Announces Approval of the Scheme of Arrangement by the Supreme Court of New South Wales [Yahoo! Finance]Yahoo! Finance
- Cenntro Electric Group Limited Announces Approval of the Scheme of Arrangement by the Supreme Court of New South WalesBusiness Wire
CENN
Sec Filings
- 4/5/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/5/24 - Form 8-K
- CENN's page on the SEC website