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Cemtrex, Inc. Announces Closing of $1.25 Million Underwritten Public Offering
CETXCemtrex(CETX) GlobeNewswire· Globenewswire·2025-05-29 13:45

Core Viewpoint - Cemtrex, Inc. has successfully closed a public offering, raising approximately 1.25millionbeforeexpenses,whichindicatesthecompanysongoingeffortstosecurefundingforitsoperationsandgrowthinitiatives[1][2].Group1:OfferingDetailsThepublicofferingconsistedof1,250,000sharesofcommonstockpricedat1.25 million before expenses, which indicates the company's ongoing efforts to secure funding for its operations and growth initiatives [1][2]. Group 1: Offering Details - The public offering consisted of 1,250,000 shares of common stock priced at 1.00 per share [2]. - Aegis Capital Corp. has been granted a 45-day option to purchase up to 15% additional shares to cover over-allotments [2]. Group 2: Company Background - Cemtrex, Inc. operates in the Security and Industrial sectors, with its Security segment providing advanced video management software and integrated surveillance solutions [5]. - The Industrial segment offers expert services such as rigging and equipment installation to manufacturers across the nation [5].