Cemtrex Prices $500,000 Registered Offering
July 01 2019 - 9:25AM
Business Wire
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, announced today the pricing
of a registered direct offering of approximately $500,000 of common
stock at a price of $2.23 per share. The Company shall issue
224,215 shares in connection with the offering upon closing.
The net proceeds from the offering will be used for sales and
marketing activities and general corporate purposes, including the
repayment of indebtedness. Advisory Group Equity Services, Ltd.
doing business as RHK Capital shall act as the Corporation’s
placement agent in connection with the offering and will receive a
commission of 5% of the offering amount.
The offering is expected to close on or about July 3, 2019,
subject to customary closing conditions.
The securities described above are being offered by Cemtrex
pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange
Commission (“SEC”) (File Number 333-218501) on June 14, 2017. A
final prospectus supplement relating to the offering will be filed
with the SEC and, once filed, will be available on the SEC’s
website at http://www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities 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 any such state or jurisdiction.
About Cemtrex
Cemtrex, Inc. (CETX) 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 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. 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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Investor Relations Cemtrex, Inc. Paul Wyckoff Phone:
631-756-9116 investors@cemtrex.com
General Inquiries sales@cemtrex.com
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