regulatory
confidence high
sentiment negative
materiality 0.75
Cemtrex receives Nasdaq delisting notice for stockholders' equity below $2.5M
CEMTREX INC
- Stockholders' equity of $(1.56M) as of Dec 31, 2024, below Nasdaq's $2.5M minimum.
- Nasdaq gave 45 days (until April 7, 2025) to submit compliance plan; if accepted, extension to Aug 20, 2025.
- Company also flagged for non-compliance with minimum bid price requirement; working on plan.
- No immediate effect on listing, but trading halt possible if public announcement not made.
- Company must disclose via 8-K; included in Nasdaq non-compliant list after 5 business days.