Cemtrex (CETX) Reports $5.4M Registered Direct Offering Priced at $2.24/Sh

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Go back to Cemtrex (CETX) Reports $5.4M Registered Direct Offering Priced at $2.24/Sh

Cemtrex, Inc. Announces $5.4 Million Registered Direct Offering Priced At-The-Market

June 10, 2020 8:30 AM EDT

Brooklyn, NY, June 10, 2020 (GLOBE NEWSWIRE) -- Brooklyn, NY, June 10, 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 it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock at a purchase price of $2.24 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of $5.4 million before deducting placement... More