Sample report · As of November 13, 2026

CENN — Cenntro Inc.

Nasdaq: CENN · SEC CIK 1707919 · Every fact below comes from the company's own SEC filings, linked at the bottom.

5 of 6 dilution flags. The share count went from 2.5 million to 37.6 million in three months. An at-the-market share-sale program is active, and a reverse split of up to 1-for-2,000 is already approved.

37,585,452

Shares outstanding, Nov 12, 2026

2,456,452

Shares outstanding, Aug 13, 2026

15×

Share count growth in 3 months

Up to $50M

Share-sale program size (cut from $100M on Nov 12)

The six checks

FLAG
Active share-sale program (ATM). On Oct 9 the company signed a sales agreement with Pacific Century Securities to sell up to $100 million of new stock straight into the market. By Nov 12 it had sold 15,117,662 shares for about $4.94 million, an average of about 33¢ a share. On Nov 12 the program was resized to up to $50 million. At the Nov 11 close of $0.14, $50 million would be about 357 million shares, roughly 9× today's count.
FLAG
Share count rising fast. 2,456,452 shares on Aug 13 → 17,585,452 on Sep 24 → 37,585,452 on Nov 12. Data sites that still show about 2.5 million shares are using the August number, so any "percent of float shorted" figure built on it is far too high.
FLAG
Reverse split approved. The company already did a 1-for-60 reverse split on Apr 13, 2026. On Sep 24 the majority holders approved a new reverse split range of 1-for-2 up to 1-for-2,000, at the board's choice, any time within one year.
FLAG
Authorized shares raised twice. July: from 16,666,667 to 3 billion. September: from 3 billion to 10 billion. Authorized shares are the ceiling on how many shares the company can issue without asking shareholders again.
FLAG
Recent private placements. Sep 15: 15,120,000 shares sold to overseas investors (Regulation S) at $3.773 each, $57.0 million gross. Jun 2: 1,000,000 shares at $3.93. Those buyers paid far above today's price.
NONE
Insider buying. No Form 4 insider trades are on file with the SEC for this company. Nobody inside has reported buying shares on the open market.

Who controls the vote

On Sep 24, holders of 16,514,562 shares (94% of the 17,585,452 then outstanding) approved the 10-billion share limit and the 1-for-2,000 split range by written consent, with no shareholder meeting. The company has since issued another 20 million shares, so that group's share of the vote is lower today.

Recent company news (from SEC filings)

Nov 3, 2026: press release on delivering LS450 electric trucks in the US under government incentive programs, "generating more than $2.44 million in total revenue."

Filing timeline

Filed	Form	What it says
Nov 13, 2026	424B5	Program resized to up to $50M; 37,585,452 shares outstanding; 15,117,662 shares already sold for ~$4.94M.
Nov 3, 2026	8-K	Truck delivery press release (>$2.44M revenue).
Oct 15, 2026	8-K	$100M at-the-market sales agreement signed Oct 9.
Oct 13, 2026	424B5	Prospectus supplement for the $100M program.
Oct 7, 2026	DEF 14C	10 billion authorized shares; reverse split range up to 1-for-2,000.
Sep 17, 2026	8-K	Private placement closed Sep 15: 15,120,000 shares, $57.0M.
Aug 31, 2026	8-K	Private placement agreement signed Aug 25.
Aug 14, 2026	10-Q	2,456,452 shares outstanding on the cover page (Aug 13).
Jul 28, 2026	8-K	Authorized shares raised from 16.7M to 3 billion.
Jun 5, 2026	8-K	Private placement: 1,000,000 shares at $3.93.

Check these yourself

All filings: SEC EDGAR — Cenntro Inc.
Short interest: FINRA short interest data
Price chart: Nasdaq.com — CENN

Facts are taken from SEC filings available on EDGAR as of November 13, 2026, and may have changed since. Prices quoted are the ones the company reported in its own filings. DilutionCheck reports are general information about public filings. They are the same for every reader, are not a recommendation to buy, sell or hold any security, and are not personalized investment advice. Read the filings and do your own research before you trade.