Cenntro Electric Files 8-K on Shareholder Vote, Nasdaq Listing

TL;DR

**Cenntro Electric just filed an 8-K confirming shareholder vote matters and its Nasdaq listing.**

AI Summary

Cenntro Electric Group Limited filed an 8-K on January 30, 2024, reporting on matters submitted to a vote of security holders on January 24, 2024. The filing indicates that the company's Ordinary Shares are registered on The Nasdaq Capital Market under the trading symbol CENN. This matters to investors because it confirms the company's compliance with SEC reporting requirements and its continued listing on a major exchange, which is crucial for liquidity and investor confidence.

Why It Matters

This filing confirms Cenntro Electric Group's ongoing compliance with regulatory requirements and its active listing on The Nasdaq Capital Market, which is fundamental for its stock's tradability and investor access.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate governance and listing status, posing minimal direct risk to investors.

Analyst Insight

A smart investor would note this routine filing as confirmation of ongoing regulatory compliance and listing status, but would look for more substantive news for investment decisions.

Key Players & Entities

• Cenntro Electric Group Limited (company) — the registrant filing the 8-K
• The Nasdaq Capital Market (company) — the exchange where Ordinary Shares are registered
• CENN (company) — the trading symbol for Ordinary Shares
• January 24, 2024 (date) — date of earliest event reported
• January 30, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• Cenntro Electric Group Limited will maintain its listing on The Nasdaq Capital Market. (Cenntro Electric Group Limited) — high confidence, target: 2025-01-30

FAQ

Filing Documents

• ef20020218_8k.htm (8-K) — 50KB
• 0001140361-24-004583.txt ( ) — 189KB
• cenn-20240124.xsd (EX-101.SCH) — 4KB
• cenn-20240124_lab.xml (EX-101.LAB) — 23KB
• cenn-20240124_pre.xml (EX-101.PRE) — 16KB
• ef20020218_8k_htm.xml (XML) — 4KB

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), Cenntro Electric Group Limited ACN 619 054 938 (the "Company") held a scheme meeting of shareholders of the Company (the "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 following scheme resolution was voted upon, and the preliminary 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 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 Vote

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 Thursday, February 1, 2024 (Australian Eastern Daylight Time), and certain other customary conditions precedent as previously announced and described in the Definitive Proxy Statement on Schedule 14-A comprised of the Scheme Booklet. If the outstanding conditions precedent are satisfied or waived (if applicable) prior to the Court hearing, and the Court approves the Scheme, the Company 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, Friday, February 2, 2024 (Australian Eastern Daylight Time)), at which time the Scheme will become effective. The Scheme will then be implemented on Monday, February 12, 2024 (Australian Eastern Daylight Time). Key Dates The key dates for implementation of the Scheme are set out below: Expected date * Event Thursday, February 1, 2024 at 9:15am Second Court Hearing to obtain orders approving the Scheme Friday, February 2, 2024 Filing by Cenntro with ASIC of the Court orders approving the Scheme Friday, February 9, 2024 at 7.00pm Record Date Monday, February 12, 2024 Implementation Date Wednesday, February 14, 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.c

01

Item 9.01 Exhibits. Exhibit No. Description 104 Cover page of this Current Report on Form 8-K formatted in Inline XBRL

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: January 30, 2024 Cenntro Electric Group Limited By: /s/ Peter Wang Name: Peter Wang Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR