Cemtrex receives Nasdaq delisting notice for stockholders' equity of $47,956; also bid price non-compliance

CEMTREX INC

Stockholders' equity of $47,956 on June 30, 2024 is well below Nasdaq's $2.5M minimum requirement.
Company also fails minimum bid price of $1.00 (closing bid below $1.00 for 30 consecutive days, notified June 14, 2024).
Must submit compliance plan by October 7, 2024; Nasdaq may grant extension to February 18, 2025.
No immediate effect on listing, but risk of delisting if plan not accepted or equity not raised above $2.5M.

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