CEMTREX INC (CETX): Nasdaq/NYSE listing notice — Cemtrex preferred stock receives Nasdaq delisting notice; hearing set for Sept 14, 2023

CEMTREX INC

Nasdaq notified Cemtrex that its Series 1 Preferred Stock (CETXP) fails the Minimum Bid Price Rule; suspension set for Aug 3, 2023.
Company requested a hearing, staying the suspension; hearing scheduled for Sept 14, 2023.
Cemtrex will monitor the bid price and consider available options to regain compliance before the hearing.
Expedited review option allows submission of a compliance plan by Aug 1, 2023, potentially avoiding an oral hearing.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

CEMTREX INC received a nasdaq delisting notice notice regarding minimum bid price.

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price

Exact text from the filing

July 25, 2023, the Company received a Notice of Staff Determination from the Listing Qualifications Department of Nasdaq notifying the Company that its Series 1 Preferred Stock had not gained compliance and would be suspended from trading at the opening of business on August 3, 2023. The Company has requested a hearing regarding the delisting which will stay the suspension and filing of Form 25-NSE with the Securities and Exchange Commission (the “SEC”). On July 25, 2023, the Company received notification that it had been granted a hearing on September 14, 2023. The Company intends to continue

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Source: SEC EDGAR

accession 0001493152-23-026888

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