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Stock impact report

Cenntro Electric Group Provides Update Regarding Rescheduled Second Court Hearing and Scheme Timetable

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 re-domicile from Australia to the United States (“Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc. (“HoldCo”), a new United States ("U.S.") company incorporated in accordance with the laws of the State of Nevada for the purpose of effecting the Cenntro group's re-domiciliation to the U.S.The scheme meeting for shareholders to consider the Scheme was held at 4:00pm (Eastern Standard Time, "EST") on Wednesday, January 24, 2024 (the “Scheme Meeting”). Based on the preliminary voting results available from the Scheme Meeting, Cenntro anticipates that the Scheme has been approved by shareholders of the Company in accordance with the requirements of the Australian Corpor Show less Read more
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