M&A
confidence high
sentiment neutral
materiality 0.55
CEMTREX INC (CETX): M&A transaction — Cemtrex acquires Invocon for $7.06M cash; Invocon FY2024 net loss $310K
CEMTREX INC
- Cemtrex completed Invocon acquisition on Jan 8, 2026 for $7.06M cash, funded from existing cash.
- Invocon audited FY2024: revenue $3.78M, net loss $310,539; total assets $1.94M, equity $506K.
- Invocon designs wireless sensing systems for defense/space, serving MDA and prime contractors.
- Invocon 2024: 75% of revenue from two customers; operating lease liability $1.03M; contract assets $441K.
- This amendment files Invocon audited/unaudited financials and pro forma combined info.