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Cenntro Electric Group Files Annual Report on Form 10-K and Regains Compliance with Nasdaq Filing Requirement
Company Expects to File Q1-23 Financial Results in July 2023 and Q2-23 Financial Results in August 2023 FREEHOLD, N.J.--(BUSINESS WIRE)-- Cenntro Electric
About this update from Cenntro Inc.
[{"type":"text","content":"\nCompany Expects to File Q1-23 Financial Results in July 2023 and Q2-23 Financial Results in August 2023\n\n\n FREEHOLD, N.J.--(BUSINESS WIRE)--\nCenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced it received a written notices (the “Notices”) from The Nasdaq Stock Market LLC (\"Nasdaq\") on July 11, 2023 stating that subsequent to the filing of our form 10-K for the fiscal year ended December 31, 2022 (the “Form 10-K”) with the United States Securities and Exchange Commission (the “SEC”) on June 30, 2023, Nasdaq has (i) determined that for the purposes of the submission of the Company's Form 10-K the Company complies with Nasdaq listing rule 5250(c)(1) (the “Rule”), and (ii) granted us an exception to enable the Company to regain compliance with the Rule.\n\n\nThe exception to the Rule grants the Company additional time to submit its quarterly financial results on form 10-Q for the periods ended March 31, 2023 and June 30, 2023 (the “10-Q Results”) on or before August 15, 2023. In the event the Company does not file its 10-Q Results, Nasdaq may provide written notification that it has made a determination that our securities will be delisted. Should this occur, the Company may appeal Nasdaq’s determination to a Hearings Panel.\n\n\nThe Company is in the process of finalizing the 10-Q Results and expects to file the 10-Q Results on or before August 15, 2023.\n\n\nAbout Cenntro Electric Group Ltd.\n\n\nCenntro Electric Group Ltd. (or \"Cenntro\") (NASDAQ: CENN) is a leading designer and manufacturer of electric commercial vehicles. Cenntro's purpose-built electric commercial vehicles are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro has committed to lead the transformation of commercial fleets to zero-emissions vehicles and develop a full line of zero-emission commercial vehicles 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.\n\n\nForward-Looking Statements\n\n\nThis communication contains \"forward-looking statements\" within the meaning of the safe harbor p...