secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001493152-23-032363
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cemtrex granted Nasdaq exception until Jan 19, 2024 to regain $1 bid price compliance via reverse split
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- Received temporary exception from Nasdaq Hearings Panel to cure Bid Price Rule non-compliance.
- Must obtain board approval for reverse stock split by Sept 29, 2023, shareholder approval by Dec 26, 2023.
- Reverse split must be effected by Jan 5, 2024; demonstrate $1 closing bid for 10 consecutive days by Jan 19, 2024.
- Failure to meet any milestone will result in immediate delisting of CETX and CETXP securities.
- Company represented it intends to effect reverse split at ratio between 1:2 and 1:3 to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223032363/0001493152-23-032363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315223032363/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032363

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