Cemtrex completes $1.25 million public stock offering

HAUPPAUGE, NY - Cemtrex Inc. (NASDAQ: CETX), a company specializing in advanced security technology and industrial services, has finalized its public offering, closing on Thursday with gross proceeds of approximately $1.25 million. The offering, which was underwritten by Aegis Capital Corp., involved the sale of 1,250,000 shares of common stock at a price of $1.00 per share. According to InvestingPro data, the stock is currently trading near its 52-week low, with shares down approximately 73% over the past six months.

The company has also provided Aegis Capital with a 45-day option to purchase up to an additional 15% of shares to cover any over-allotments. Aegis Capital served as the sole book-running manager for the transaction. Legal counsel for the offering was provided by The Doney Law Firm for Cemtrex and Kaufman & Canoles, P.C. for Aegis.

This offering was conducted under a shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), which was declared effective on February 3, 2025. Details of the offering can be found in the final prospectus supplement and accompanying prospectus available on the SEC’s website.

Cemtrex, known for its Vicon Industries-led Security segment, offers video management software, security cameras, and integrated surveillance solutions catering to enterprise, government, and critical infrastructure. The company’s Industrial segment, through Advanced Industrial Services (AIS), provides services like rigging, millwrighting, process piping, and equipment installation to manufacturers across the nation. InvestingPro analysis reveals the company generated revenue of $73.8 million in the last twelve months, with a gross profit margin of 42.4%. While analysts anticipate sales growth, the company faces challenges with cash burn and significant debt levels.

The completion of this offering is part of Cemtrex’s ongoing efforts to enhance value for customers and shareholders through strategic growth and innovation in the security and industrial sectors. For deeper insights into Cemtrex’s financial health and growth prospects, investors can access comprehensive analysis and 17 additional ProTips through InvestingPro’s detailed research reports.

This news is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such an offer or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.

In other recent news, Cemtrex Inc. has been awarded a $1.84 million contract through its subsidiary Advanced Industrial Services to upgrade the City of Lancaster’s Advanced Wastewater Treatment Plant. This project is part of a larger initiative to modernize aging infrastructure in the United States. Additionally, Vicon Industries, another subsidiary of Cemtrex, secured a $1 million contract with a Saudi media firm, marking a significant expansion into the Gulf region with its NEXT Modular Sensor System. This deployment is a key step in Vicon’s strategy to enhance its presence in the Middle East market.

Cemtrex also held its Annual Meeting of Shareholders, where four board members were elected, and Grassi Co. was ratified as the company’s independent registered public accounting firm. In regulatory developments, Cemtrex received an extension from Nasdaq to regain compliance with stockholder equity requirements by August 20, 2025. Furthermore, the company announced a dividend payment in shares for its Series 1 Preferred Stock shareholders, aligning with its strategic financial policies. These recent developments reflect Cemtrex’s ongoing efforts in growth, compliance, and shareholder engagement.

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