Cenntro shares surge 10.96% after-hours after Nasdaq grants 180-day extension to meet minimum bid price requirement.

Cenntro Inc. (CENN) surged 10.96% in after-hours trading following the announcement that it was granted an 180-day extension by Nasdaq to meet the minimum bid price requirement. This regulatory relief provides the company additional time to address compliance concerns and avoid potential delisting, addressing a key risk for the stock. While older news such as strategic partnerships and product launches (e.g., EV assembly in Morocco, hydrogen fuel cell developments) had previously driven mixed market reactions, the recent Nasdaq extension is the most directly relevant catalyst for the after-hours rally. The move reflects investor optimism that the company can stabilize its listing status, outweighing prior bearish sentiment tied to noncompliance notices and declining stock performance earlier in the year.