Farmingdale, NY, June 05, 2017 (GLOBE NEWSWIRE) --
Cemtrex (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing leader, announced today that it has filed a shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (SEC). The registration statement, once declared effective by the SEC, is intended to provide the company with flexibility to access the capital markets in a timely manner.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “This registration statement is part of our advance preparation for a long-term strategy around growing the business and supporting future acquisitions. Presently, we have no immediate plans to sell any shares under this registration statement.”
Under the shelf registration statement, once declared effective by the SEC, Cemtrex may from time to time issue up to an aggregate $20,000,000 of shares of its common stock within a three year period. Currently, the company has no specific plans to issue any securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by Cemtrex will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.
The shelf registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration and qualification under the securities law of such jurisdiction. Any offering of the securities covered by the shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement may be obtained on the SEC’s website at www.sec.gov or the company’s website www.cemtrex.com/investor-relations/sec-filings .
After the shelf registration becomes effective, Cemtrex may offer and sell securities covered by the registration statement through one or more methods of distribution, subject to market conditions and Cemtrex’s capital needs. The terms of any offering under the shelf registration statement will be established at the time of the offering and described in a prospectus supplement filed with the SEC prior to the completion of the offering.
About Cemtrex
Cemtrex, Inc. (NASDAQ: CETX ) is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants used in emissions trading globally. www.cemtrex.com
Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
Investor Relations Cemtrex, Inc. Phone: 631-756-9116 investors@cemtrex.com
