Cemtrex (CETX) announced that it has entered into a definitive agreement for the purchase of approximately 889K shares and / or pre funded warrants with a single institutional investor, at a purchase price of $2.25 per share, with gross proceeds to the company expected to be $2M to the company. The transaction is expected to close on or about December 30, subject to the satisfaction of customary closing conditions. The company expects to use the net proceeds from the offering, for general corporate purposes, including working capital and potential acquisitions. Aegis Capital Corp. acted as an advisor on the offering.
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