Cenntro Electric Group Amends Promissory Note Terms

The latest update is out from Cenntro Electric Group ( (CENN) ).

On May 16, 2025, Cenntro Inc. amended a senior secured promissory note with About Investment Pte. Ltd., originally issued in July 2022. The amendment adjusts the conversion floor price to $0.202 per share, reflecting an 80% discount from the previous day’s closing bid price. This adjustment allows the holder to convert the note into common stock under specific conditions, with an ownership cap of 9.99% of outstanding shares. On May 15, 2025, Dr. Yi Zeng resigned from the company’s board and audit committee, with no disagreements cited, prompting the board to address the resulting vacancy.

Spark’s Take on CENN Stock

According to Spark, TipRanks’ AI Analyst, CENN is a Neutral.

Cenntro Electric Group’s overall stock score reflects its strong revenue growth but significant challenges in profitability and cash flow. The technical analysis shows mixed signals with limited momentum. The valuation is concerning due to negative earnings, indicating potential overvaluation. The absence of recent earnings call insights or notable corporate events leaves these aspects unconsidered.

To see Spark’s full report on CENN stock, click here.

More about Cenntro Electric Group

Average Trading Volume: 141,988

Technical Sentiment Signal: Sell

Current Market Cap: $31.48M

For a thorough assessment of CENN stock, go to TipRanks’ Stock Analysis page.