{"url_path":"/sec/cenn/8-k/2026-05-20/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1707919/0001140361-26-022277-index.html","accession_number":"0001140361-26-022277","cik":"0001707919","ticker":"CENN","issuer_name":"Cenntro Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1707919/0001140361-26-022277-index.html","primary_entity_key":"0001707919","primary_entity_name":"Cenntro Inc."},"word_count":301,"has_tables":true,"body_markdown":"Item 1.01\n\nEntry into a Material Definitive Agreement.\n\nOn May 12, 2026, Cenntro Inc., a Nevada corporation (the “Company”) entered into securities\npurchase agreements with certain accredited investors (the “Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “Private Placement”), an aggregate of 1,000,000 shares of common stock, par value $0.0001\nper share (the “Common Stock”) at a purchase price of $3.93 per share, which is the closing price of the shares of Common Stock of the Company on the same day, for gross proceeds of approximately $3,930,000. The Company plans to use the proceeds\nfor working capital and general corporate purposes.\n\nThe Private Placement is conducted in compliance with Nasdaq Listing Rule 5635(d), which permits issuances of 20% or more of the outstanding Common Stock without\nshareholder approval when the offering is priced at or above the “Minimum Price” as defined under Nasdaq rules.\n\nOn May 19, 2026, the Company and the Investors entered into an amendment to the securities purchase agreement (the “First Amendment”), pursuant to which the parties\nagreed to amend the provisions relating to delivery of the shares of Common Stock and purchase price, including availing subscription in stablecoins.\n\nThe closing of the Private Placement is subject to the satisfaction of customary closing conditions. As of the date of this report, the closing conditions have not\nbeen satisfied, and the Company has not issued any shares of Common Stock pursuant to the securities purchase agreements.\n\nThe foregoing descriptions of the Purchase Agreement, and the First Amendment, do not purport to be complete and are qualified in their entirety by reference to the\nfull text of such agreements, copies of which are filed as Exhibits 10.1, and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference."}