Cemtrex, Inc. announced a $4 million Registered Direct Offering for the purchase of shares and/or pre funded warrants with a single institutional investor.
The offering is expected to close on or about January 9, 2025, subject to customary closing conditions.
Net proceeds from the offering will be used for general corporate purposes, including working capital and potential acquisitions.
Registered Direct Offering
Cemtrex, Inc. entered into a definitive agreement for the purchase of shares and/or pre funded warrants with an institutional investor.
Purchase Price
The purchase price per share is $2.722, with gross proceeds expected to be $4 million to the Company.
Transaction Closing
The transaction is set to close around January 9, 2025, pending customary closing conditions.
- The offering is made under an effective shelf registration statement on Form S-3 filed with the SEC.
- Net proceeds will support Cemtrex's general corporate purposes and potential acquisitions.
Cemtrex's Registered Direct Offering signifies a strategic move to boost capital for future growth and acquisitions, leveraging the support of an institutional investor.