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Stock impact report

Cemtrex Announces Pricing of Its Public Offering of Common Stock

Cemtrex Inc. (CETX) 
Last cemtrex inc. earnings: 8/19 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: cemtrex.com/investor-relations
Company Research Source: Business Wire
FARMINGDALE, N.Y.--(BUSINESS WIRE)-- Cemtrex, Inc. (NASDAQ: CETX, CETXP, CETXW), a leading technology and manufacturing company, announced today the pricing of its previously announced underwritten public offering of 1,000,000 shares of common stock at a public offering price of $1.65 per share for total gross proceeds of $1,650,000. The net proceeds, after underwriting discounts and estimated expenses of the offering payable by Cemtrex, are expected to be approximately $1,482,500. Cemtrex also granted 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 offering. The offering is expected to close on or about August 24, 2018, subject to the satisfaction of customary closing conditions. Cemtrex intends to use the net proceeds from the offering to further its development, sales and marketing of the SmartDes Show less Read more
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