Cemtrex Announces 1-For-35 Reverse Stock Split [Yahoo! Finance]
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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US:NASDAQ Investor Relations:
cemtrex.com/investor-relations
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Source: Yahoo! Finance
company, today announced that its Board of Directors authorized the stockholders approved 1-for-35 reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.001 per share (the “Common Stock”). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on November 26, 2024 (the “Effective Time”). The Common Stock will continue to trade on The Nasdaq Capital Market under the symbol “CETX” and will begin trading on a post-split basis when the market opens on November 26, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 15130G881. The Reverse Stock Split is intended to enable the Company to regain compliance with the minimum closing bid price requirement for continued listing on Nasdaq. At the Effective Time of the Reverse Stock Split, every 35 shares of the Company's issued and outstanding Common Stock will be combined into one share of Common Stock issued and outstanding, with no change to the par value
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News
- Cemtrex, Inc. (NASDAQ: CETX) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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- Cemtrex Regains Compliance with NASDAQ Listing RequirementGlobeNewswire
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CETX
Sec Filings
- 12/20/24 - Form S-3
- 12/13/24 - Form 8-K
- 12/5/24 - Form 8-K
- CETX's page on the SEC website