Cenntro Electric Executes Reverse Stock Split to Maintain Listing

Cenntro Electric Group ( (CENN) ) has issued an announcement.

Cenntro Inc., a Nevada-based electric commercial vehicle manufacturer listed on the Nasdaq Capital Market under the symbol CENN, designs and builds purpose-built Class 1 to Class 4 electric trucks for a variety of commercial uses. The company is expanding a globalized supply chain and service network, while integrating advanced battery, powertrain and smart driving technologies to strengthen its position in the commercial EV sector.

On March 22, 2026, Cenntro’s board approved a 1‑for‑60 reverse stock split of its common and preferred shares, following prior shareholder authorization granted on June 11, 2025, and subsequently reduced the company’s authorized capital stock from 1.1 billion shares to about 18.3 million shares. The reverse split, effective for trading at the Nasdaq market open on April 13, 2026, consolidated roughly 87.9 million outstanding common shares into about 1.47 million, with fractional holdings rounded up to whole shares.

The company filed the required corporate amendments with the Nevada Secretary of State on March 24 and April 13, 2026, and its common stock continues to trade under the ticker CENN on a split‑adjusted basis with a new CUSIP of 150964302. In an April 9, 2026 press release, Cenntro said the action is intended to help it regain compliance with Nasdaq’s $1.00 minimum bid price requirement, while emphasizing that shareholder ownership percentages are unchanged aside from minimal adjustments due to fractional share treatment.

Operationally, the reverse stock split uniformly adjusts all outstanding options, warrants, preferred share conversions and stock awards, aligning the company’s capital structure with its reduced share count. For investors and market participants, the move is designed to consolidate Cenntro’s equity base and support its continued listing on Nasdaq, a key platform for liquidity and visibility in the competitive electric commercial vehicle industry.

Spark’s Take on CENN Stock

According to Spark, TipRanks’ AI Analyst, CENN is a Neutral.

Cenntro Electric Group’s overall stock score is primarily impacted by its weak financial performance and concerning valuation. The company faces significant financial challenges, with declining revenues and negative profitability metrics. Technical analysis indicates bearish momentum, further weighing on the stock. The negative P/E ratio highlights valuation concerns, making the stock less attractive to investors.

To see Spark’s full report on CENN stock, click here.

More about Cenntro Electric Group

Cenntro Inc. (Nasdaq: CENN) is a pioneering maker and provider of electric commercial vehicles, producing purpose-built ECVs that serve a range of commercial applications from Class 1 to Class 4 trucks. The company is developing a global supply chain along with manufacturing, distribution and service capabilities, and is enhancing its vehicles with advanced battery, powertrain and smart driving technologies.

Cenntro focuses on innovative, reliable electric trucks for business fleets and is positioning itself in the growing commercial EV market through technology-driven product evolution. Its strategy emphasizes scaling international operations and supporting customers through an integrated network, aiming to capture demand for cleaner, more efficient commercial transportation solutions.

Average Trading Volume: 43,787

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.86M

See more data about CENN stock on TipRanks’ Stock Analysis page.