debt
confidence high
sentiment neutral
materiality 0.65
Cemtrex issues $7.025M promissory note to Streeterville Capital; proceeds for acquisitions
CEMTREX INC
- Note of $7,025,000 issued to Streeterville Capital; net cash of $7,000,000 after $25k origination fee.
- Interest at daily SOFR through Dec 31, 2025; then 8% per annum thereafter.
- If note outstanding on Jan 1, 2026, one-time additional interest fee of $1,050,000 added to balance.
- Maturity 18 months from issuance; redemptions begin at 6 months.
- Proceeds intended to fund potential acquisitions.