secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001493152-23-023996
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cemtrex closes $2.4M acquisition of Heisey Mechanical; expects accretion in Q4 FY2023
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- Total consideration: $2.16M cash plus $240K seller note; funded via $2.16M term loan from Fulton Bank.
- Heisey adds ~$11.6M in annual revenue and ~$775K adjusted EBITDA (4-year average).
- Real estate purchase for $1.5M expected later in July; no new shares issued.
- Acquisition is highly synergistic with AIS subsidiary, expanding fabrication, water treatment markets, and customer base.
- Deal closed July 1, 2023; Cemtrex expects accretive impact starting Q4 fiscal 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223023996/0001493152-23-023996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223023996/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-023996

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