Cemtrex Inc. Regains Nasdaq Listing Compliance
June 17 2020 - 9:00AM
Brooklyn, NY, June 17, 2020 (GLOBE NEWSWIRE) – Cemtrex Inc.
(Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology
company that is driving innovation in a wide range of commercial
sectors such as Internet of Things (IoT), Augmented and Virtual
Reality (AR & VR), and Artificial Intelligence and Computer
Vision (AI & CV), today announced that it has received a
written notice from NASDAQ stating that the Company has regained
compliance with NASDAQ listing requirements.
On April 21, 2020, Nasdaq notified the Company that its common
stock failed to maintain a minimum bid price of $1.00 over the
previous 30 consecutive business days as required by the Listing
Rules of The Nasdaq Stock Market. Since then, Nasdaq has determined
that for the last 10 consecutive business days, from June 1, 2020
to June 15, 2020, the closing bid price of the Company’s common
stock has been at $1.00 per share or greater. Accordingly, the
Company has regained compliance with Listing Rule 5550(a)(2) and
this matter is now closed.
About Cemtrex
Cemtrex, Inc. (CETX) is a leading multi-industry technology
company that is driving innovation in markets such as Internet of
Things (IoT), Augmented and Virtual Reality (AR & VR), and
Artificial Intelligence and Computer Vision (AI & CV) in a wide
range of sectors, including consumer products, industrial
manufacturing, digital applications, and intelligent security &
surveillance systems. www.cemtrex.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to the closing of the offering,
gross proceeds from the offering, our new product offerings,
expected use of proceeds, or any proposed fundraising
activities. These forward-looking statements are based on
management's current expectations and are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward
looking statements. Statements made herein are as of the date
of this press release and should not be relied upon as of any
subsequent date. These risks and uncertainties are discussed under
the heading "Risk Factors" contained in our Form 10-K filed with
the Securities and Exchange Commission. All information in
this press release is as of the date of the release and we
undertake no duty to update this information unless required by
law.
Press Contact for CETX:
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
General Inquiries
sales@cemtrex.com
Cemtrex (NASDAQ:CETX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cemtrex (NASDAQ:CETX)
Historical Stock Chart
From Apr 2023 to Apr 2024