Cenntro Regains Compliance with Nasdaq Listing Rule Following Filing of its 2022 Form 10-K and Q1 2023 Form 10-Q with SEC
28 Julio 2023 - 7:31AM
Business Wire
Cenntro Electric Group Limited (NASDAQ: CENN) ("Cenntro" or "the
Company"), a leading electric vehicle technology company with
advanced, market-validated electric commercial vehicles (“ECVs”),
announced today that it received a written notice on July 27, 2023
from the Listing Qualifications Department of the Nasdaq Stock
Market LLC (“Nasdaq”) indicating the Company has regained
compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) by
filing its annual report on Form 10-K for the year ended December
31, 2022 (the "2022 Form 10-K") on June 30, 2023, and quarterly
report for the fiscal quarter ended March 31, 2023 (the "Q1 Form
10-Q") on July 25, 2023, with the Securities and Exchange
Commission (the "SEC").
Nasdaq Listing Qualifications Department staff have determined
that the Company now complies with the Rule.
About Cenntro Electric Group Ltd.
Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a
leading designer and manufacturer of electric commercial vehicles.
Cenntro's purpose-built ECVs are designed to serve a variety of
organizations in support of city services, last-mile delivery, and
other commercial applications. Cenntro plans to lead the
transformation in the automotive industry through scalable,
decentralized production, and smart driving solutions empowered by
the Cenntro iChassis. For more information, please visit Cenntro's
website at: www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts.
Such statements may be, but need not be, identified by words such
as "may,'' "believe,'' "anticipate,'' "could,'' "should,''
"intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,''
"expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'',
"positioned,'' "approximately,'' "potential,'' "goal,''
"strategy,'' "outlook'' and similar expressions. Examples of
forward-looking statements include, among other things, statements
regarding assembly and distribution capabilities, decentralized
production, and fully digitalized autonomous driving solutions. All
such forward-looking statements are based on management's current
beliefs, expectations, and assumptions, and are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from the results expressed or implied in this
communication. For additional risks and uncertainties that could
impact Cenntro's forward-looking statements, please see disclosures
contained in Cenntro's public filings with the Securities and
Exchange Commission (the “SEC”), including the "Risk Factors" in
Cenntro's Annual Report on Form 10-K filed with the SEC on June 30,
2023 and which may be viewed at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20230728825411/en/
Investor Relations Contact: MZ North America
CENN@mzgroup.us 949-491-8235
Company Contact: PR@cenntroauto.com
IR@cenntroauto.com
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