secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001493152-24-033698
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224033698/0001493152-24-033698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224033698/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033698

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