Cemtrex Announces Rights Offering Reminder
December 18 2018 - 8:20AM
– Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world
leading technology and manufacturing company, reminds its right
holders of its previously announced rights offering. The rights
offering subscription price is 95% of the volume weighted average
price of Cemtrex’s common stock for the five trading day period
ending on December 19, 2018, but in no event more than $1.06 per
share. Pursuant to the terms of the rights offering, the rights may
be exercised for a maximum of $2,700,000 of subscription proceeds.
The rights offering subscription period is set
to expire by 5:00 PM NYC time on Wednesday, December 19, 2018,
unless the rights offering is extended for up to additional 30
days. If the rights offering is not fully subscribed and a holder
fully exercises its basic subscription rights, the holder may also
exercise its rights to purchase at the subscription price
additional shares of common stock that were not subscribed for by
other rights holders in the rights offering
Cemtrex intends to use the net proceeds from the
rights offering to accelerate the deployment and marketing of its
new smart device, the SmartDesk, a proprietary advanced technology
workspace solution, and for general corporate purposes to increase
sales and operational capabilities.
The rights offering is being made pursuant to
Cemtrex’s effective registration statement on Form S-3 (No.
333-218501), filed with the SEC and made effective on June 14,
2017. Investors should consider the information in the prospectus
and prospectus supplement carefully before making any decision to
participate. Copies are being sent to holders of record on the
record date of November 20, 2018.
Advisory Group Equity Services, Ltd. doing
business as RHK Capital is acting as dealer-manager for the rights
offering. Requests for copies of these documents and questions from
stockholders and series 1 warrant holders relating to the rights
offering may be directed to Okapi Partners LLC, the information
agent for the rights offering, at 1-212-297-0720 (bankers and
brokers) or 1-855-208-8903 (all others), or by email at
info@okapipartners.com.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy securities, nor will
there be any sale of any securities referred to in this press
release in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. The rights offering will be made only by means of
prospectuses meeting the requirements of the Securities Act of
1933, as amended.
About Cemtrex
Cemtrex, Inc. (CETX) is the manufacturer of the SmartDesk, the
world’s most 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.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 Cemtrex’s proposed offering
of securities. These forward-looking statements are based on
management’s current expectations and are subject to certain risks
and uncertainties, including those described in Cemtrex’s SEC
periodic reports and other filings, that could cause actual results
to differ materially from those set forth in or implied by such
forward-looking statements. Statements made herein are as of the
date of this press release and should not be relied upon as of any
subsequent date.
For further information, please contact:
Information Agent:
Okapi Partners LLC
Phone: 212-297-0720 (bankers and brokers)
or 855-208-8903 (all others)Email:
info@okapipartners.com.
Investor Relations
Cemtrex, Inc. Phone: 631-756-9116 investors@cemtrex.com
General Inquiries
sales@cemtrex.com
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