secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001493152-23-025905
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cemtrex Series 1 Preferred Stock faces Nasdaq delisting; hearing requested
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- Nasdaq notified Cemtrex on July 25, 2023 that Series 1 Preferred Stock (CETXP) failed to regain $1.00 minimum bid price compliance by July 24, 2023.
- Trading of CETXP will be suspended at the open on August 3, 2023 unless an appeal is filed; the company has requested a hearing to stay the suspension.
- Hearing request fee is $20,000; deadline for request is August 1, 2023; the Panel will review a compliance plan including a possible reverse stock split.
- Company intends to continue monitoring bid price and consider available options to regain compliance with Nasdaq Listing Rule 5555(a)(1).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223025905/0001493152-23-025905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223025905/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025905

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