The company plans to use the funds for operational purposes, marketing, existing business investments, and debt repayment. They may also consider acquiring complementary businesses or technologies.
Aegis Capital Corp. has been granted an option to purchase additional shares and/or warrants. The closing of the offering is scheduled for May 3, pending standard closing conditions.
See Also: Private Employment Increases By 192,000, Beats Forecasts: ‘Hiring Was Broad-Based In April’
How To Buy CETX Stock
By now you're likely curious about how to participate in the market for Cemtrex – be it to purchase shares, or even attempt to bet against the company.
In the the case of Cemtrex, which is trading at $0.68 as of publishing time, $100 would buy you 147.06 shares of stock.
According to data from Benzinga Pro, CETX has a 52-week high of $11.45 and a 52-week low of $1.10.
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