Cemtrex Regains Compliance with NASDAQ Stockholders’ Equity Requirement
07 January 2025 - 1:20AM
– Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security
technology and industrial services company, today announced that it
has received a notification letter from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the
Company that it has regained compliance with the minimum
stockholders’ equity requirement under Nasdaq Listing Rule
5550(b)(1). The Company’s security will continue to be listed and
traded on The Nasdaq Stock Market.
Cemtrex previously received a notification
letter from the Nasdaq Listing Qualifications Department on August
23, 2024, notifying the Company that, because the stockholders’
equity for the Company was below the minimum required for continued
listing on the Nasdaq Capital Market under Nasdaq Listing Rule
5550(b)(1).
Based on the Company’s Form 10-K filed on
December 30, 2024, evidencing stockholders’ equity of $4,710,677,
Nasdaq has determined that the Company complies with the Minimum
Stockholder’s Equity Requirement and this matter is now closed. The
Company now no longer has any deficiencies as it pertains to its
listing on Nasdaq.
About Cemtrex
Cemtrex Inc. (CETX) is a company that owns two
operating subsidiaries: Vicon Industries Inc and Advanced
Industrial Services Inc.
Vicon Industries, a subsidiary
of Cemtrex Inc., is a global leader in advanced security and
surveillance technology to safeguard businesses, schools,
municipalities, hospitals and cities. Since 1967, Vicon delivers
mission-critical security surveillance systems, specializing in
engineering complete security solutions that simplify deployment,
operation and ongoing maintenance. Vicon provides security
solutions for some of the largest municipalities and businesses in
the U.S. and around the world, offering a wide range of
cutting-edge and compliant security technologies, from AI-driven
video analytics to fully integrated access control solutions. For
more information visit www.vicon-security.com.
AIS – Advanced Industrial
Services, a subsidiary of Cemtrex, Inc., is a premier
provider of industrial contracting services including
millwrighting, rigging, piping, electrical, welding. AIS Installs
high precision equipment in a wide variety of industrial markets
including automotive, printing & graphics, industrial
automation, packaging, and chemicals. AIS owns and operates a
modern fleet of custom designed specialty equipment to assure safe
and quick installation of your production equipment. Our talented
staff participates in recurring instructional training, provided to
ensure that the most current industry methods are being utilized to
provide an efficient and safe working environment. For more
information visit www.ais-york.com.
For more information visit www.cemtrex.com.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to the closing of
the offering, gross proceeds from the offering, our new product
offerings, expected use of proceeds, or any proposed fundraising
activities. These forward-looking statements are based on
management’s current expectations and are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward
looking statements. Statements made herein are as of the date of
this press release and should not be relied upon as of any
subsequent date. These risks and uncertainties are discussed under
the heading “Risk Factors” contained in our Form 10-K filed with
the Securities and Exchange Commission. All information in this
press release is as of the date of the release and we undertake no
duty to update this information unless required by law.
Investor RelationsChris
TysonExecutive Vice President – MZ North AmericaDirect:
949-491-8235CETX@mzgroup.uswww.mzgroup.us
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