Cemtrex Announces Effectiveness of Shelf Registration Statement by SEC
June 14 2017 - 5:15PM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
industrial and manufacturing company, announced today that the
Securities and Exchange Commission (“SEC”) has declared effective
its Form S-3 Shelf Registration Statement, which had been filed by
the Company on June 5, 2017.
Under the effective shelf registration statement, Cemtrex may
from time to time issue up to an aggregate $20,000,000 of
securities, subject to certain limitations relating to the
Company’s public float. The specifics of any future offering, along
with the prices and terms of any such securities offered by Cemtrex
will be determined at the time of any such offering and will be
described in detail in a prospectus supplement filed in connection
with such offering. Currently, the Company has no specific plans to
issue any securities under the registration statement.
Cemtrex’s Chairman and CEO Saagar Govil commented, “Due to the
growing demand in the markets we are in and in order to pursue
multiple accretive acquisition prospects in the future we believe
having an effective shelf registration statement is an important
tool to execute further growth initiatives. While we have no
immediate plans to issue securities under this registration
statement we want to be prepared as and when attractive
opportunities arise. ”
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a world leading diversified
industrial and manufacturing company that provides a wide array of
solutions to meet today's technology challenges. Cemtrex provides
manufacturing services of advanced custom engineered electronics,
industrial services, monitoring instruments for industrial
processes and environmental compliance, and systems for controlling
particulates, hazardous gases, emissions of Greenhouse gases, and
other regulated pollutants used in emissions trading globally.
www.cemtrex.com
Legal Statements
This press release contains forward-looking statements as to the
potential use of the Shelf Registration Statement. Actual results
could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in
any jurisdiction in which an offer, solicitation or sale would be
unlawful prior to registration and qualification under the
securities law of such jurisdiction. Any offering of the securities
covered by the shelf registration statement will be made solely by
means of a prospectus and an accompanying prospectus supplement
relating to that offering. A copy of the registration
statement may be obtained on the SEC’s website at www.sec.gov or
the company’s website
www.cemtrex.com/investor-relations/sec-filings.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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