Cemtrex, Inc. (NASDAQ: CETX, CETXP, CETXW), a technology and manufacturing company, has announced that it intends to offer and sell 1,000,000 shares of its common stock in an underwritten public offering, the company said.
In connection with the offering, Cemtrex intends to grant the underwriter an option for a period of 45 days to purchase up to an additional 15% of the aggregate number of shares of common stock to be sold in the proposed offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
Cemtrex intends to use the net proceeds from the proposed offering to further its development, sales and marketing of the SmartDesk, its proprietary advanced technology workspace solution, and for general corporate purposes.
Aegis Capital Corp. is acting as the sole book-running manager for the proposed offering.
Cemtrex, Inc. is the manufacturer of the SmartDesk, a highly advanced workstation. Cemtrex is a diversified technology company that´s driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions and intelligent security systems. For more information, visit us at www.cemtrex.com.