secwatch.observer — SEC 8-K summary
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Issuer:     CEMTREX INC (CETX)
CIK:        0001435064
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001493152-24-047141
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cemtrex approves 1-for-35 reverse stock split effective Nov 26 to regain Nasdaq compliance
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- Reverse split ratio of 1-for-35; effective at 12:01 a.m. ET on November 26, 2024; CUSIP changes to 15130G881.
- Reason: To regain compliance with Nasdaq minimum $1 bid price; deficiency notice received June 14, 2024; compliance deadline December 11, 2024.
- Adjustable Warrants (19,026,954 shares at $0.7446 pre-split) will have exercise price reset to lowest VWAP 5 days before/after split; underlying shares significantly increased.
- Fractional shares: holders with at least one pre-split share get rounded up; others rounded down; no fractional shares issued.
- Board determined final ratio within range approved by stockholders on October 17, 2024; ticker symbol CETX unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224047141/0001493152-24-047141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435064/000149315224047141/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047141

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