secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001493152-24-000316
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 5.07, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq panel amends CETXP listing exception; compliance deadlines set for Jan 8 and Jan 22
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- Series 1 Preferred Stock (CETXP) must close at $1+ minimum bid for 10 consecutive sessions by Jan 8, 2024.
- Full compliance with Listing Rule 5555(a)(1) required by Jan 22, 2024; failure leads to immediate delisting.
- Company considering share repurchase under approved program to meet bid price deadline.
- Special meeting of Series 1 Preferred shareholders failed due to lack of quorum; resolution did not pass.
- Jan 22, 2024 represents full extent of Panel's discretion for continued listing while non-compliant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224000316/0001493152-24-000316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224000316/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-000316

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