Cenntro to raise $48.3M in stock placement, with USDC an option
What's the deal? Cenntro Inc.Dealroom has a profile for this one. Try Dealroom → (NASDAQ: CENN) has announced a private placement to raise roughly $48.3 million in gross proceeds. The electric vehicle maker will sell up to 12,800,000 shares of common stock to accredited investors at $3.773 each. The deal was announced August 25, 2026.
The terms: The share price reflects the average Nasdaq closing price for the five trading days before the agreement. Proceeds are earmarked for working capital and general corporate purposes.
Why the structure matters: The offering is priced at or above the "Minimum Price" under Nasdaq Listing Rule 5635(d). That lets Cenntro issue shares equal to 20% or more of its outstanding stock without shareholder approval, speeding up the raise.
An unusual twist: Investors can pay in cash or, under certain conditions, in USDCDealroom has a profile for this one. Try Dealroom → stablecoins valued at $1.00 per token. The offering is structured as exempt from registration under Section 4(a)(2) of the Securities Act, so the shares carry transfer restrictions.
What could go wrong? The deal is not done. As of the filing, closing conditions had not been satisfied and no shares had been issued. Completion remains subject to customary closing conditions.
The signal: At $48.3 million, the raise ranks in the 95th percentile among non-VC private placements in the energy sector over the trailing 48 months, based on a sample of 2,687 deals. The stablecoin payment option also points to a slow blurring of the line between traditional equity financing and crypto rails.
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