Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: Our Ordinary Shares are currently quoted on the Nasdaq Capital Markets under the symbol “CENN”.
−Removed: We had 300,841,995 Ordinary Shares
−Removed: issued and outstanding as of December 31, 2022.
−Removed: The following table sets forth, for the periods indicated, the high and low bid prices of our Ordinary Shares .
+Added: Shares of our Common Stock are currently quoted on the Nasdaq Capital Markets under the symbol “CENN”.
+Added: We had 30,828,778 shares of Common Stock issued and outstanding as of December 31, 2023.
+Added: The following table sets forth, for the periods indicated, the high and low bid prices of our Common Stock.
Fiscal Year Ended December 31, 2023 (1)
8 unchanged sentences
Fourth Quarter
+Added: Accounts for a 1:10 reverse stock spit effective as of December 8, 2023.
Holders of Capital Stock
−Removed: As of December 31, 2022, we had 193 holders of our Ordinary Shares .
+Added: As of December 31, 2023, we had 191 holders of our Common Stock.
Stock Option Grants
−Removed: 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
−Removed: 12,797,063 Ordinary Shares have been granted and no Ordinary Shares have been issued under the 2022 Plan.
+Added: As of the date of this Annual Report, options to purchase an aggregate of 2,202,248 shares of Common Stock have been granted and 5,147 shares of Common Stock have been issued under the 2023 Plan.
Transfer Agent
−Removed: The transfer agent for our Ordinary Shares is Continental Stock Transfer & Trust Company.
−Removed: The transfer agent’s telephone number and address is (212) 509-4000 and 1 State Street, 30th Floor, New York, NY
−Removed: To date, we have not declared or paid any dividends on our Ordinary Shares .
−Removed: We currently do not anticipate paying any cash dividends in the foreseeable future on our Ordinary Shares .
−Removed: 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
+Added: The transfer agent for our Common Stock is Continental Stock Transfer & Trust Company.
+Added: The transfer agent’s address is 1 State Street, 30th Floor, New York, NY 10004.
+Added: To date, we have not declared or paid any dividends on our Common Stock.
+Added: We currently do not anticipate paying any cash dividends in the foreseeable future on our Common Stock.
+Added: Although we intend to retain our earnings, if any, to finance the
+Added: 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.
−Removed: Nasdaq Compliance
−Removed: 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
−Removed: 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.
−Removed: Nasdaq Listing Rule
−Removed: 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
−Removed: consecutive trading days.
Recent Sales of Unregistered Securities
−Removed: 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
−Removed: registered under the Securities Act.
+Added: 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
+Added: that were not registered under the Securities Act other than the following transaction pursuant to the Redomiciliation:
+Added: On February 27, 2024, the Company completed the Redomiciliation.
+Added: In connection with the Redomiciliation, Cenntro issued 30,828,778 (thirty million, eight hundred and twenty-eight
+Added: thousand, seven hundred and seventy-eight) shares of common stock, on the basis of one share of common stock for every one ordinary share of CEGL issued and outstanding prior to the Redomiciliation.
+Added: The Redomiciliation was effected
+Added: pursuant to a statutory scheme of arrangement under Australian law (the “Scheme”).
+Added: The issuance of Cenntro’s shares of common stock in the Scheme was exempt from registration under the Securities Act in reliance on Section 3(a)(10).
Smaller reporting companies are not required to provide the information required by this item.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.