Cemtrex Announces Proposed Public Offering of Common Stock
August 21 2018 - 4:05PM
Business Wire
Cemtrex, Inc. (NASDAQ: CETX, CETXP, CETXW), a leading technology
and manufacturing company, announced today that it intends to offer
and sell 1,000,000 shares of its common stock in an underwritten
public offering. In connection with the offering, Cemtrex intends
to grant the underwriter an option for a period of 45 days to
purchase up to an additional 15% of the aggregate number of shares
of common stock to be sold in the proposed offering. The proposed
offering is subject to market and other conditions, and there can
be no assurance as to whether or when the offering may be completed
or as to the actual size or terms of the offering.
Cemtrex intends to use the net proceeds from the proposed
offering to further its development, sales and marketing of the
SmartDesk, its proprietary advanced technology workspace solution,
and for general corporate purposes.
Aegis Capital Corp. is acting as the sole book-running manager
for the proposed offering.
The proposed offering is being made pursuant to a shelf
registration statement on Form S-3 (File No. 333-218501) filed with
the U.S. Securities and Exchange Commission (the “SEC”) on June 5,
2017, which became effective on June 14, 2017. A preliminary
prospectus supplement and accompanying prospectus relating to the
proposed offering have been filed with the SEC and may be obtained
by visiting the SEC’s website at www.sec.gov or by contacting Aegis
Capital Corp., 810 Seventh Avenue, 18th Floor, New York, NY 10019,
by telephone at (646) 502-2434 or by email at
prospectus@aegiscap.com. The final terms of the proposed offering
will be disclosed in a final prospectus supplement to be filed with
the SEC.
This press release does not constitute an offer to sell or
solicitation of an offer to buy any securities in the proposed
offering. Nor shall there be any sale of these securities in any
state or jurisdiction in which such offering, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction.
About Cemtrex
Cemtrex, Inc. is the manufacturer of the SmartDesk, a highly
advanced workstation. Cemtrex is a diversified technology company
that’s driving innovation in a wide range of sectors, including
smart technology, virtual and augmented realities, advanced
electronic systems, industrial solutions and intelligent security
systems. For more information, visit us at www.cemtrex.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to our new product offerings or
any proposed fundraising activities. These forward-looking
statements are based on management’s current expectations and are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those set forth in or implied by
such forward looking statements. These risks and uncertainties
include, but are not limited to: operational losses and negative
cash flows; any need for additional financing; market acceptance of
our products; our ability to manufacture and develop effective
products and solutions; indebtedness to our lenders; current and
future economic conditions that may adversely affect our business
and customers; potential fluctuation of our revenues and
profitability from period to period which could result in our
failure to meet expectations; our ability to maintain adequate
levels of working capital; our ability to incentivize and retain
our current senior management team and continue to attract and
retain qualified scientific, technical and business personnel; our
ability to expand our product offerings or to develop other new
products and services; our ability to generate sales and profits
from current product offerings; rapid technological changes and new
technologies that could render certain of our products and services
to be obsolete; competitors with significantly greater financial
resources; introduction of new products and services by
competitors; challenges associated with expansion into new markets;
and other factors discussed under the heading “Risk Factors”
contained in our most recent annual report on Form 10-K filed with
the Securities and Exchange Commission. All information in this
press release is as of the date of the release and we undertake no
duty to update this information unless required by federal
securities law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180821005678/en/
For further information:Cemtrex, Inc.Investor RelationsSaagar
Govil, 631-756-9116investors@cemtrex.com
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