Cenntro Inc. entered into a securities purchase agreement on May 12, 2026, to issue 1,000,000 shares of common stock. The shares are priced at $3.93 per share, matching the closing price on the date of the agreement. The total gross proceeds from the private placement are approximately $3,930,000. The company intends to use the proceeds for working capital and general corporate purposes. An amendment was filed on May 19, 2026, to allow for the payment of the purchase price in stablecoins (USDC) and to establish escrow procedures.