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Cemtrex Regains Compliance with NASDAQ Stockholders' Equity Requirement
CETXCemtrex(CETX) GlobeNewswire News Room·2025-01-06 14:20

Core Points - Cemtrex Inc. has regained compliance with Nasdaq's minimum stockholders' equity requirement, allowing its shares to continue trading on the Nasdaq Stock Market [1][3] - The company previously received a notification regarding non-compliance on August 23, 2024, due to stockholders' equity falling below the required threshold [2] - As of December 30, 2024, Cemtrex reported stockholders' equity of $4,710,677, which satisfied Nasdaq's requirements [3] Company Overview - Cemtrex Inc. operates through two subsidiaries: Vicon Industries Inc. and Advanced Industrial Services Inc. [4] - Vicon Industries specializes in advanced security and surveillance technology, providing solutions for various sectors including businesses, schools, and municipalities [5] - Advanced Industrial Services offers industrial contracting services such as millwrighting, rigging, and electrical work, serving multiple industrial markets [6]