Cemtrex Announces Effectiveness of Shelf Registration Statement by SEC
Farmingdale, NY, June 14, 2017 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing company, announced today that the Securities and Exchange Commission (“SEC”) has declared effective its Form S-3 Shelf Registration Statement, which had been filed by the Company on June 5, 2017.
Under the effective shelf registration statement, Cemtrex may from time to time issue up to an aggregate $20,000,000 of securities, subject to certain limitations relating to the Company’s public float. The specifics of any future offering, along with the prices and terms of any such securities offered by Cemtrex will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering. Currently, the Company has no specific plans to issue any securities under the registration statement.
Cemtrex’s Chairman and CEO Saagar Govil commented, “Due to the growing demand in the markets we are in and in order to pursue multiple accretive acquisition prospects in the future we believe having an effective shelf registration statement is an important tool to execute further growth initiatives. While we have no immediate plans to issue securities under this registration statement we want to be prepared as and when attractive opportunities arise. ”
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants used in emissions trading globally.
Legal Statements
This press release contains forward-looking statements as to the potential use of the Shelf Registration Statement. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration and qualification under the securities law of such jurisdiction. Any offering of the securities covered by the shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the registration statement may be obtained on the SEC’s website at www.sec.gov or the company’s website www.cemtrex.com/investor-relations/sec-filings.
Investor Relations Cemtrex, Inc. Phone: 631-756-9116 investors@cemtrex.com
Released June 14, 2017