Cenntro Inc. Issues $4 Million Convertible Note to About Investment Pte. Ltd
Cenntro Inc. has issued a $4 million secured convertible note to About Investment Pte. Ltd. as part of an exchange agreement. The note, dated October 23, 2025, has an 8% interest rate and matures on January 19, 2026. In case of default, the interest rate can rise to 10%. The note was converted into 12 million shares of Cenntro Inc.'s common stock.
Cenntro Inc. has entered into an exchange agreement with About Investment Pte. Ltd., under which About Pte exchanged the outstanding principal balance of a senior secured convertible note for a new secured convertible promissory note. The new note, issued on October 23, 2025, has a principal amount of $4,000,000, carries an interest rate of 8% per annum, and matures on January 19, 2026. In the event of default, the interest rate increases to a maximum of 10% per annum, and the note may be accelerated, making 110% of the outstanding principal plus accrued interest immediately due. The note was subsequently converted by About Pte into 12,000,000 shares of Cenntro Inc.’s common stock. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cenntro Inc. (The Corporation) published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-039603), on October 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
