Cemtrex Inc. announced on December 13, 2024, that it received notification from The Nasdaq Stock Market LLC confirming it has regained compliance with the minimum bid price requirement. This compliance is under Nasdaq Listing Rule 5550(a)(2).
The company previously received a notification on June 14, 2024, regarding its common stock trading below the $1 per share minimum. Cemtrex effected a 1-for-35 reverse stock split on November 26, 2024, to address this deficiency.
As a result of regaining compliance, Cemtrex’s security will continue to be listed and traded on The Nasdaq Stock Market. This resolves a significant listing concern for the company.
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