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Cenntro Granted 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement
Businesswire· 2025-10-24 20:30
Core Points - Cenntro Inc. has been granted a 180-day extension by Nasdaq to meet the minimum bid price requirement of $1.00 per share, now having until April 20, 2026, to comply [1][2][5] - The extension is contingent upon the company maintaining compliance with other Nasdaq listing requirements, with the exception of the minimum bid price [3][4] - Cenntro intends to take necessary measures to regain compliance, including the possibility of a reverse stock split if needed [3][5] Company Overview - Cenntro Inc. is a pioneering manufacturer of electric commercial vehicles (ECVs), focusing on purpose-built vehicles for various commercial applications [6] - The company is developing a global supply chain and enhancing its manufacturing, distribution, and service capabilities [6] - Cenntro is advancing its product offerings through innovations in battery, powertrain, and smart driving technologies [6]