Cemtrex Regains Compliance with Nasdaq Minimum Bid Price Requirement

Cemtrex Inc. has successfully regained compliance with the minimum bid price requirements set by The Nasdaq Stock Market LLC. The notification letter from the Listing Qualifications Department of Nasdaq confirmed the Company’s compliance with the minimum bid price requirements outlined in Listing Rule 5550(a)(2).

The notification, dated December 11, 2024, stated that Cemtrex’s security will continue to be listed and traded on The Nasdaq Stock Market. This positive development follows a prior notification to the Company on June 14, 2024, where it was alerted that its common stock had fallen below the required minimum bid price of $1.00 over the previous 30 consecutive business days.

After diligent monitoring by Nasdaq, it was determined that from November 26 to December 10, 2024, Cemtrex’s common stock had consistently closed at a price of $1.00 per share or higher for the last 10 consecutive business days. As a result, the Company has now fully regained compliance with Listing Rule 5550(a)(2), bringing closure to this matter.

For further inquiries or additional information, individuals are encouraged to reach out to Rachel Scherr, the Listing Analyst at Nasdaq Listing Qualifications, at +1 202 748 4488.

This information was provided in the Form 8-K filing submitted by Cemtrex, Inc. on December 11, 2024, as part of the notice of regaining compliance with continued listing rules from Nasdaq.

This concludes the current report on Form 8-K submitted by Cemtrex, Inc. on the specified date.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Cemtrex’s 8K filing here.

Cemtrex Company Profile

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.