On October 9, 2026, Cenntro Inc. entered into a sales agreement with Pacific Century Securities, LLC to sell shares of its common stock. Under the terms of the agreement, the company may offer and sell from time to time up to $100,000,000 in aggregate offering price of common stock, par value $0.0001 per share.
The agreement allows the sales agent to sell the shares using commercially reasonable efforts, consistent with normal trading practices and applicable laws. The shares are to be sold pursuant to an at-the-market offering as defined in Rule 415(a)(4) under the Securities Act of 1933. The company is not obligated to sell any of the shares under the agreement.
The shares will be offered and sold pursuant to a prospectus supplement dated October 9, 2026, filed with the SEC on October 13, 2026. This offering is made under a registration statement on Form S-3 (Registration No. 333-292994), which was filed with the SEC on January 28, 2026, and declared effective on February 12, 2026.
The company will pay the sales agent a commission of 3.5% of the aggregate gross proceeds from each sale of the shares. The company has also agreed to reimburse the sales agent for specified expenses, including reasonable out-of-pocket expenses of up to $100,000 in connection with the initial offering. Additionally, the company will pay the sales agent $50,000 upon execution of the engagement letter on September 1, 2026, with the remaining balance of up to $50,000 payable upon the closing of the first placement.
Further expenses to be reimbursed include legal counsel fees of up to $5,000 per Representation Date, subject to a cap of $14,000 per fiscal year, and counsel fees of up to $10,000 for updates involving the filing of a new registration statement or prospectus supplement.
