SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

______________

 

SCHEDULE 13G/A

 

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)1

 

Cenntro Electric Group Limited
(Name of Issuer)
 
Ordinary Shares, no par value
(Title of Class of Securities)
 
Q6519V120
(CUSIP Number)
 
April 9, 2021
(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

þ Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

 

                                            

 

1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 2 of 7

 

1

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

BitNile Holdings, Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) o

(b) o

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

 o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0%

12

TYPE OF REPORTING PERSON

 

CO

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 3 of 7

 

Item 1(a). Name of Issuer.

 

The name of the issuer is Cenntro Electric Group Limited (the “Company”).

 

Item 1(b). Address of Issuer’s Principal Executive Offices.

 

The Company’s principal executive offices are located at 501 Okerson Road, Freehold, New Jersey 07728.

 

Item 2(a). Name of Person Filing.

 

This statement is filed by BitNile Holdings, Inc. (the “Reporting Person”) with respect to the shares of common stock of the Company.

 

Item 2(b). Address of Principal Business Office or, if None, Residence.

 

11411 Southern Highlands Parkway, Suite 240

Las Vegas, NV 89141

 

Item 2(c). Citizenship.

 

The Reporting Person is a Delaware corporation.

 

Item 2(d). Title of Class of Securities.

 

Ordinary shares, no par value.

 

Item 2(e). CUSIP Number.

 

Q6519V120

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 4 of 7

 

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Exchange Act.
       
  (b) ¨ Bank as defined in Section 3(a)(6) of the Exchange Act.
       
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Exchange Act.
       
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act.
       
  (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
       
  (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
       
  (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
       
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
       
  (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
       
  (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).  
       
  (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
       
  If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 5 of 7

 

Item 4. Ownership.

 

(a) Amount beneficially owned: 0

 

(b) Percent of class: 0%

 

(c) Number of shares as to which such person has:

 

(i) Sole power to vote or to direct the vote: 0

 

(ii) Shared power to vote or to direct the vote: 0

 

(iii) Sole power to dispose or to direct the disposition of: 0

 

(iv) Shared power to dispose or to direct the disposition of: 0

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following þ

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable.

 

Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

See Exhibit 99.1.

 

Item 8. Identification and Classification of Members of the Group.

 

Not Applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not Applicable.

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 6 of 7

 

Item 10. Certifications.

 

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

   
 

 

CUSIP No. Q6519V120 13G/A Page 7 of 7

 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: April 11, 2022

 

  BITNILE HOLDINGS, INC.
   
  By:

/s/ MILTON C. AULT, III

    Name:  Milton C. Ault, III
    Title:    Executive Chairman
     
     
  DIGITAL POWER LENDING, LLC
     
  By:

/s/ DAVID J. KATZOFF

    Name:  David J. Katzoff
    Title:    Manager
     

 

 

 

 

 

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