Cenntro Stock Slips as a Tiny Nasdaq EV Name Faces a Fresh Funding Test
Cenntro Inc. shares fell 1.8% to $4.37 Wednesday, weeks after a 1-for-60 reverse split and amid light trading of just 6,058 shares. The company agreed to a $3.93 million private placement at $3.93 per share, with closing conditions still pending. Cenntro recently regained Nasdaq minimum bid compliance. The firm’s market value stood at about $6.4 million.