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Stock impact report

Cemtrex Announces Proposed 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 that it intends to offer and sell 1,000,000 shares of its common stock in an underwritten public offering. In connection with the offering, Cemtrex intends to grant 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 proposed offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. Cemtrex intends to use the net proceeds from the proposed offering to further its development, sales and marketing of the SmartDesk, its proprietary advanced technology workspace solution, and for general corporate purposes. Show less Read more
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