Cemtrex Announces Subscription Rights Offering with Expected Calendar
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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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 world leading technology and manufacturing company, announced today that it will be declaring a dividend to its stockholders of record in the form of subscription rights. Under the terms of the rights offering, Cemtrex will distribute, at no charge, non-transferable subscription rights to purchase one share of its common stock to holders of record for each share of common stock held on the record date, and one share of its common stock to holders of record for every 10 publicly-traded warrants held on the record date. Each basic subscription right entitles the rights holder to purchase one share of common stock at the subscription price. The subscription price will be the lower of (i) 90% of the closing price of Cemtrex’s common stock on the record date of the rights offering, or (ii) 95% of the closing price
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