Cenntro Electric Group Limited , a leading EV technology company with advanced, market-validated electric commercial vehicles, announced that its trading symbol on the Nasdaq Capital Market (NASDAQ) will change from “NAKD” to “CENN” at the open of market trading on Friday, January 14, 2022.
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The change in trading symbol follows the previously announced closing of Naked Brand Group Limited’s acquisition of the outstanding capital stock of three entities comprising Cenntro Automotive Group and its name change to “Cenntro Electric Group Limited.”
“We are pleased that our new trading symbol now aligns with our brand and will strengthen our visibility with investors and provide consistent recognition to our shareholders as we reach another milestone as a public company,” said Peter Wang, CEO, Managing Director and Chairman of Cenntro Electric Group Limited. “We remain committed to our vision and maximizing shareholder value by leveraging our IP and ability to design and produce innovative electric commercial vehicles while scaling our decentralized production model as we address the needs of growing market demand.”
No action is required from Cenntro shareholders in order to effectuate the change in trading symbol. Cenntro’s ordinary shares will continue to be listed on NASDAQ and the CUSIP number will remain unchanged.
About Cenntro Electric Group
Cenntro Electric Group is a leading EV technology company with advanced, market-validated electric commercial vehicles. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production and fully digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has produced and delivered over 3600 commercial EVs in more than 26 countries.