Cenntro Electric Files 8-K/A, Updates Admin Details

Ticker: CENN · Form: 8-K/A · Filed: Feb 5, 2024 · CIK: 1707919

Cenntro Electric Group LTD 8-K/A Filing Summary
FieldDetail
CompanyCenntro Electric Group LTD (CENN)
Form Type8-K/A
Filed DateFeb 5, 2024
Risk Levellow
Pages5
Reading Time6 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: amendment, corporate-governance, administrative

TL;DR

**CENN filed an 8-K/A to update company info, no major news.**

AI Summary

Cenntro Electric Group Limited (CENN) filed an 8-K/A on February 5, 2024, amending a previous report from February 1, 2024. This amendment primarily updates administrative details, confirming the company's current name, address (501 Okerson Road, Freehold, New Jersey 07728), and its listing on The Nasdaq Capital Market under the trading symbol CENN. This matters to investors because it provides updated, accurate company information, which is crucial for due diligence and understanding the company's current public profile and compliance with SEC regulations.

Why It Matters

This filing ensures public records for Cenntro Electric Group Limited are accurate, which is important for investor confidence and regulatory compliance.

Risk Assessment

Risk Level: low — This is an administrative amendment, not indicating any significant operational or financial changes.

Analyst Insight

A smart investor would note this as a routine administrative update, confirming current company details without indicating any immediate need for action regarding their investment in CENN.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of this 8-K/A filing by Cenntro Electric Group Limited?

This 8-K/A filing by Cenntro Electric Group Limited is an amendment to a previous 8-K, primarily updating administrative information such as the company's exact name, address (501 Okerson Road, Freehold, New Jersey 07728), and its listing details on The Nasdaq Capital Market.

When was the earliest event reported in the original 8-K that this amendment refers to?

The earliest event reported in the original 8-K, to which this 8-K/A refers, occurred on February 1, 2024.

What is the trading symbol and the exchange where Cenntro Electric Group Limited's Ordinary Shares are registered?

Cenntro Electric Group Limited's Ordinary Shares are registered under the trading symbol CENN on The Nasdaq Capital Market.

Has Cenntro Electric Group Limited changed its name recently, according to this filing?

The filing lists 'Cenntro Electric Group Limited' as the exact name of the registrant. It also mentions former names like 'NAKED BRAND GROUP Ltd' (changed 20180619) and 'BENDON GROUP HOLDINGS LTD' (changed 20170530), indicating past name changes, but the current filing confirms the present name.

What is the business address of Cenntro Electric Group Limited as stated in this 8-K/A?

The business address of Cenntro Electric Group Limited is 501 Okerson Road, Freehold, New Jersey 07728, with a business phone number of (732) 820-6757.

Filing Stats: 1,432 words · 6 min read · ~5 pages · Grade level 13 · Accepted 2024-02-05 16:01:23

Filing Documents

07

Item 5.07. Submission of Matters to a Vote of Security Holders. On Wednesday, January 24, 2024 at 4.00pm (Eastern Standard Time) ("EST"), Thursday, January 25, 2024 at 5.00am (China Standard Time) ("CST") and Thursday, January 25, 2024, at 8.00am (AEDT), the Company held a Scheme Meeting to consider and, if thought fit, to agree for the Company to adopt a scheme resolution (the "Scheme Resolution") to implement a scheme of arrangement pursuant to which the Company will redomicile from Australia into a new corporation formed under the laws of the State of Nevada, Cenntro Inc. (the "HoldCo"), under which the HoldCo will acquire all of the issued and outstanding shares of the Company on a one-for-one basis (the "Scheme") . The required quorum was presented for the Scheme Meeting. The following scheme resolution was voted upon, and the final voting results with respect to such resolution are set forth below. Scheme Resolution: At the Scheme Meeting, shareholders of the Company were asked to consider and, if thought fit, vote for the Company to pass (with or without amendment) the following resolution: "That, under and in accordance with section 411 of the Corporations Act 2001 (Cth), the members agree to the arrangement proposed between Cenntro Electric Group Ltd ("Cenntro") and holders of its ordinary shares, designated the "Scheme", as contained in and more particularly described in the Scheme Booklet accompanying the notice convening this meeting (with or without alterations or conditions required or approved by the Supreme Court of New South Wales to which Cenntro and Cenntro Inc. agree) and the Board of Cenntro is authorised to implement the Scheme with any such alterations or conditions." Details of final voting results below include the number of votes, percentage of votes and number of shareholders voting via valid proxies received and votes cast are set out below. Number of Votes For Number of Votes Against Number of Votes Abstain Total Votes Cast 1

01

Item 8.01. Other Events Next Steps The Scheme remains subject to the approval of the Court at the hearing scheduled for 9:15am on Wednesday, February 14, 2024, and certain other customary conditions precedent as previously announced and described in the Scheme Booklet. If the outstanding Conditions Precedent as set forth in the Scheme Booklet are satisfied or waived (if applicable) prior to the hearing, and the Court approves the Scheme, Cenntro proposes to file an office copy of the orders of the Court with the Australian Securities and Investments Commission ("ASIC") (expected to occur on the next business day, Thursday, February 15, 2024), at which time the Scheme will become effective. The Scheme will then be implemented on Tuesday, February 27, 2024. Key Dates The key dates for implementation of the Scheme are set out below: Expected date * Event Wednesday, February 14, 2024 at 9:15am Second Court Hearing to obtain orders approving the Scheme Thursday, February 15, 2024 Filing by Cenntro with ASIC of the Court orders approving the Scheme Thursday, February 22, 2024 at 7:00pm Record Date Tuesday, February 27, 2024 Implementation Date Thursday, February 29, 2024 Commencement of dispatch to scheme shareholders of statements confirming the issue of HoldCo shares *All dates and times listed in the table above are in Australian Eastern Daylight Time and are indicative only and subject to change. The Company, in consultation with HoldCo, may vary any or all of these dates and times and will provide reasonable notice of any such variation. Certain times and dates are conditional on the conditions precedent to the Scheme, including approval of the Scheme by the Court, being satisfied or waived (as applicable). Any changes will be announced by the Company to Nasdaq and published on the Company's website at www.cenntroauto.com. Press Release On February 5, 2024 , the Company issued a press release announcing shareholders of the Company voted in favo

01

Item 9.01. Exhibits. Exhibit No. Description 99.1 * Press Release, dated February 5, 2024 104 Cover page of this Current Report on Form 8-K formatted in Inline XBRL * Furnished herewith

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 5, 2024 Cenntro Electric Group Limited By: /s/ Peter Wang Name: Peter Wang Title: Chief Executive Officer

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