Cemtrex Inc. announced on January 6, 2025, that it received notification from The Nasdaq Stock Market LLC confirming it has regained compliance with the minimum stockholders’ equity requirement. This compliance is under Nasdaq Listing Rule 5550(b)(1).
The company previously received a notification on August 23, 2024, regarding its stockholders’ equity falling below the minimum required for continued listing. Based on the company’s Form 10-K filed on December 30, 2024, stockholders’ equity was $4,710,677.
Nasdaq determined that Cemtrex now complies with the Minimum Stockholder’s Equity Requirement, and this matter is closed. The company no longer has any deficiencies pertaining to its listing on Nasdaq.
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