Cemtrex, Inc. Successfully Closes $1.25 Million Offering
Cemtrex, Inc. Successfully Closes $1.25 Million Offering
Hauppauge, NY — Cemtrex, Inc. (NASDAQ: CETX), a leader in advanced security technology and industrial services, has successfully closed its recent public offering, raising approximately $1.25 million in gross proceeds. This milestone reflects strong investor confidence and underscores the company’s strategic growth ambitions.
The public offering, primarily comprising 1,250,000 shares of common stock, occurred at a price of $1.00 per share. Such movements in the stock market represent not only financial engagement but also a vote of confidence from the investment community.
Furthermore, Cemtrex has provided Aegis Capital Corp. an option to purchase additional shares, totaling 15% of the initial offering, to accommodate any potential over-allotments. This provision is a common practice enabling the underwriter to fulfill greater investor demand.
Aegis Capital Corp. and Legal Counsel
Aegis Capital Corp. served as the sole book-running manager for this offering. Their specialized expertise in securities has positioned them as a crucial partner for Cemtrex in this venture. The Doney Law Firm represented Cemtrex in this transaction, while Kaufman & Canoles, P.C. provided legal counsel to Aegis Capital Corp., ensuring compliance across all regulatory requirements.
Registration and Offer Details
The public offering was executed in accordance with the effective shelf registration statement previously registered with the U.S. Securities and Exchange Commission (SEC). This streamlined process allows companies like Cemtrex to access capital markets efficiently and with greater flexibility.
Investors interested in additional details about the offering can find relevant information through the SEC's website, which houses electronic copies of related documents. This transparency is essential to maintaining investor trust and aligning with best practices in corporate governance.
About Cemtrex, Inc.
Cemtrex, Inc. (NASDAQ: CETX) is renowned for its innovative solutions across the Security and Industrial sectors. Through its Security segment, led by Vicon Industries, the company presents advanced video management software and security systems designed for various applications including enterprise and governmental use.
In the Industrial sector, Advanced Industrial Services (AIS) offers specialized services such as rigging, millwrighting, and comprehensive equipment installation. This diversification demonstrates Cemtrex's commitment to operational excellence and customer satisfaction.
With a firm focus on innovation and strategic growth, Cemtrex is dedicated to enhancing operational efficiency and adding value for both customers and shareholders. The offering successfully aligns with the company’s long-term objectives, as they continue to solidify their market position.
Investor Relations Contact
For inquiries and further information, investors can reach out to Cemtrex's Investor Relations team via email at investors@cemtrex.com.
Frequently Asked Questions
What was the amount raised in the public offering?
The public offering raised approximately $1.25 million in gross proceeds.
Who managed the public offering?
Aegis Capital Corp. acted as the sole book-running manager for the offering.
What was the price per share for the offering?
The public offering price per share was $1.00.
What segments does Cemtrex operate in?
Cemtrex operates in the Security and Industrial sectors, providing a range of technology solutions and services.
How can investors obtain more information about the company's offerings?
Investors can find more information through the SEC's website or contact Cemtrex's Investor Relations directly.
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