Cemtrex acquires Plant Engineering Services for $3.5M cash plus earnout

CEMTREX INC

Acquisition of PES for $3.5M cash plus up to $1.75M earnout over 3 years based on gross profit targets.
PES expected to contribute $4-5M revenue over next 12 months and be profitable from day one.
PES adds engineering capabilities for hydraulic press systems, serving automotive and defense markets.
Since June 5 reverse stock split, company issued ~609,000 shares in private placements; outstanding shares ~1.72M as of July 2.
Company has signed LOI for another acquisition expected to close in September quarter.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.