Cemtrex, Inc. Announces Pricing of $1.25 Million Underwritten Public Offering
May 28 2025 - 8:00AM
Cemtrex, Inc. (NASDAQ: CETX) (the “Company”), an advanced
security technology and industrial services company, today
announced the pricing of a firm commitment underwritten public
offering with gross proceeds to the Company expected to be
approximately $1.25 million, before deducting underwriting fees and
other offering expenses payable by the Company.
The offering consists of 1,250,000 shares of
common stock (“Common Stock”). The public offering price per share
of Common Stock is $1.00.
In addition, the Company has granted Aegis
Capital Corp. (“Aegis”) a 45-day option to purchase additional
shares of Common Stock of up to 15.0% of the number of shares of
Common Stock sold in the offering solely to cover over-allotments,
if any.
Aggregate gross proceeds to the Company are
expected to be approximately $1.25 million. The transaction is
expected to close on or about May 29, 2025, subject to the
satisfaction of customary closing conditions. The Company expects
to use the net proceeds from the offering, together with its
existing cash, for general corporate purposes, paying down
indebtedness, and working capital.
Aegis Capital Corp. is acting as the
sole book-running manager for the offering. The Doney Law Firm is
acting as counsel to the Company. Kaufman & Canoles, P.C. is
acting as counsel to Aegis Capital Corp.
The offering is being made pursuant to an
effective shelf registration statement on Form S-3 (No. 333-283995)
previously filed with the U.S. Securities and Exchange Commission
(SEC) and declared effective by the SEC on February 3, 2025. A
final prospectus supplement and accompanying prospectus describing
the terms of the proposed offering will be filed with the SEC and
will be available on the SEC’s website located at www.sec.gov.
Electronic copies of the final prospectus supplement and the
accompanying prospectus may be obtained, when available, by
contacting Aegis Capital Corp., Attention: Syndicate Department,
1345 Avenue of the Americas, 27th floor, New York, NY 10105, by
email at syndicate@aegiscap.com, or by telephone at +1 (212)
813-1010.
Interested parties should read in their entirety
the prospectus supplement and the accompanying prospectus and the
other documents that the Company has filed with the SEC that are
incorporated by reference in such prospectus supplement and the
accompanying prospectus, which provide more information about the
Company and such offering.
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 state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Cemtrex, Inc.
Cemtrex, Inc. (Nasdaq: CETX) is a diversified
technology company operating in the Security and Industrial
sectors. Its Security segment, led by Vicon Industries, provides
advanced video management software, high-performance security
cameras, and integrated surveillance solutions for enterprise,
government, and critical infrastructure. The Industrial segment,
through Advanced Industrial Services (AIS), delivers expert
rigging, millwrighting, process piping, and equipment installation
services to manufacturers nationwide. With a focus on innovation,
execution, and strategic growth, Cemtrex is committed to enhancing
safety, efficiency, and value for its customers and
shareholders.
For more information visit www.cemtrex.com.
Forward-Looking Statements
The foregoing material may contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation statements regarding
the Company’s product development and business prospects, and can
be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,”
“potential,” “should,” “continue” or the negative versions of those
words or other comparable words. Forward-looking statements are not
guarantees of future actions or performance. These forward-looking
statements are based on information currently available to the
Company and its current plans or expectations and are subject to a
number of risks and uncertainties that could significantly affect
current plans. Should one or more of these risks or uncertainties
materialize, or the underlying assumptions prove incorrect, actual
results may differ significantly from those anticipated, believed,
estimated, expected, intended, or planned. Although the Company
believes that the expectations reflected in the forward-looking
statements are reasonable, the Company cannot guarantee future
results, performance, or achievements. Except as required by
applicable law, including the security laws of the United States,
the Company does not intend to update any of the forward-looking
statements to conform these statements to actual results.
Investor Relations
investors@cemtrex.com
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