Cemtrex, Inc. announced on May 29, 2025, the closing of its previously announced firm commitment underwritten public offering. The offering generated gross proceeds of approximately $1.25 million for the company.
The offering consisted of 1,250,000 shares of common stock, with a public offering price of $1.00 per share. Aegis Capital Corp. acted as the sole book-running manager for the offering.
The company has also granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock, up to 15.0% of the number of shares sold, to cover over-allotments. The net proceeds are intended for general corporate purposes, debt reduction, and working capital.
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