Cemtrex Extends the Rights Offering until Dec. 21st
December 20 2018 - 8:04AM
Business Wire
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, has extended the date for its
rights offering until December 21st, 2018 at 5:00 PM. at the fixed
subscription price at $0.75 per share pursuant to the terms of the
prospectus. Pursuant to the terms of the rights offering, the
rights may be exercised for a maximum of $2,700,000 of subscription
proceeds.
The Company has chosen to extend the offering period to give
common stockholders and series 1 warrant holders, particularly
those holding their shares and warrants in street name who may have
only recently received applicable subscription materials,
additional time to participate in the rights offering should they
desire to do so and due to the original expiration date falling
during this holiday season.
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 have been 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.
Cemtrex intends to use the net proceeds from the rights offering
to accelerate the development 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181220005380/en/
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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