Cenntro Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Our Ordinary Shares are currently quoted on the Nasdaq Capital Markets under the symbol “CENN”. We had 300,841,995 Ordinary Shares issued and outstanding as of December 31, 2022. The following table sets forth, for the periods indicated, the high and low bid prices of our Ordinary Shares . High Low Fiscal Year Ended December 31, 2022 First Quarter $ 5.57 $ 1.05 Second Quarter $ 2.30 $ 1.34 Third Quarter $ 1.82 $ 0.95 Fourth Quarter $ 1.20 $ 0.26 Fiscal Year Ended December 31, 2021 First Quarter $ 51.00 $ 2.87 Second Quarter $ 15.00 $ 6.94 Third Quarter $ 14.17 $ 7.20 Fourth Quarter $ 14.06 $ 4.95 Holders of Capital Stock As of December 31, 2022, we had 193 holders of our Ordinary Shares . Stock Option Grants As of the date of this Annual Report, options to purchase an aggregate of 9,225,271 Ordinary Shares have been granted and 51,468 Ordinary Shares have been issued under the 2016 Plan, and 12,797,063 Ordinary Shares have been granted and no Ordinary Shares have been issued under the 2022 Plan. Transfer Agent The transfer agent for our Ordinary Shares is Continental Stock Transfer & Trust Company. The transfer agent’s telephone number and address is (212) 509-4000 and 1 State Street, 30th Floor, New York, NY 10004. Dividends To date, we have not declared or paid any dividends on our Ordinary Shares . We currently do not anticipate paying any cash dividends in the foreseeable future on our Ordinary Shares . Although we intend to retain our earnings, if any, to finance the exploration and growth of our business, our Board of Directors has the discretion to declare and pay dividends in the future. Payment of dividends in the future will depend upon our earnings, capital requirements, and any other factors that our Board of Directors deems relevant. Nasdaq Compliance On December 22, 2022 and June 21, 2023, we received a letters from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, based on the closing bid price of our Ordinary Shares, for the last 30 consecutive trading days preceding each letter, we were no longer comply with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain the Minimum Bid Price Requirement, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive trading days. 63 Table of Contents Recent Sales of Unregistered Securities Except as set forth below or in a Current Report on Form 6-K or 8-K, there were no equity securities of the registrant sold by the registrant during the period covered by this annual report that were not registered under the Securities Act. Item 6. [Reserved] Smaller reporting companies are not required to provide the information required by this item.