Cemtrex regains compliance with Nasdaq listing requirement

Cemtrex (CETX) has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that it has regained compliance with the minimum bid price requirement under Nadaq Listing Rule, 5550(a)(2). The Company’s security will continue to be listed and traded on The Nasdaq Stock Market. Cemtrex previously received a notification letter from the Nasdaq Listing Qualifications Department on June 14, 2024, notifying the Company that, over the previous 30 consecutive business days, the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The notification letter stated that the Company would be afforded 180 calendar days to regain compliance, and that the Company could be eligible for additional time. Cemtrex effected a 1-for-35 reverse stock split that took effect at 12:01 a.m. Eastern Standard Time on November 26, 2024, and reflected with the Nasdaq Capital Market and in the marketplace at the open of business on November 26, 2024, whereupon the shares of common stock began trading on a split-adjusted basis. In connection with the reverse split, the Company’s common stock continues trading on Nasdaq under the symbol “CETX” but now trades under a new CUSIP Number, 15130G 881.