secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001493152-24-017729
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cemtrex closes public offering of units, raising ~$10.0M gross proceeds
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- Aggregate gross proceeds to company ~$10.0M from sale of 11,764,705 Units and 11,210,000 Pre-Funded Units.
- Each Unit priced at $0.85; Pre-Funded Unit at $0.849; includes Series A warrant (exercise $0.085, 2.5 yr) and Series B warrant (exercise $0.85, 5 yr).
- Underwriter Aegis Capital received 7.0% discount and 0.5% expense allowance; over-allotment partially exercised for 1,764,705 each of Series A and B warrants.
- Proceeds intended for general corporate purposes as per prospectus; warrants subject to stockholder approval for certain adjustment provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224017729/0001493152-24-017729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224017729/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017729

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