Business Context and Reporting Period
Company: Cemtrex Inc. (CETX)
Filing Type: Form 8-K (Current Report)
Date of Report: April 22, 2025
Principal Executive Offices: Hauppauge, NY
Listing Status: Nasdaq Capital Market
Key Financial Metrics
This filing does not contain a full set of financial statements. However, it references the following specific metric from the Form 10-Q for the period ended December 31, 2024:
- Stockholders' Equity: Below $2,500,000 (as of December 31, 2024).
Revenue, profit, cash flow, margins, debt, and liquidity figures are not provided in this document.
Material Changes and Listing Status
The Company received a notification from Nasdaq on February 21, 2025, stating it failed to meet the Minimum Stockholder's Equity Requirement of $2,500,000 under Nasdaq Marketplace Rule 5550(b)(1). On April 22, 2025, Nasdaq granted the Company an extension to regain compliance.
Outlook, Compliance Plan, and Risks
Compliance Deadline: The Company must complete its plan to regain compliance on or before August 20, 2025.
Required Actions: To evidence compliance, the Company must choose one of two alternatives by the deadline:
- Alternative 1: File a public report (e.g., Form 8-K) disclosing the deficiency, the transaction enabling compliance, and an affirmative statement of regained compliance.
- Alternative 2: File a public report including the above disclosures plus a balance sheet (no older than 60 days) with pro forma adjustments evidencing compliance.
Delisting Risk: Regardless of the alternative chosen, if the Company fails to evidence compliance upon filing its Form 10-K for the year ending September 30, 2025, it may be subject to delisting.
Investor Verification Checklist
- Verify the Company's current stockholders' equity status via the most recent Form 10-Q or 10-K.
- Monitor for a Form 8-K or 10-K filing by August 20, 2025, detailing the specific transaction or event used to regain compliance.
- Confirm whether the Company has filed the required pro forma balance sheet if Alternative 2 is selected.
- Review the upcoming Form 10-K for the fiscal year ending September 30, 2025, to ensure continued listing status is maintained.