Cemtrex (CETX) 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 stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1). 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 August 23, 2024, notifying the Company that, because the stockholders’ equity for the Company was below the minimum required for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). Based on the Company’s Form 10-K filed on December 30, 2024, evidencing stockholders’ equity of $4,710,677, Nasdaq has determined that the Company complies with the Minimum Stockholder’s Equity Requirement and this matter is now closed. The Company now no longer has any deficiencies as it pertains to its listing on Nasdaq.
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