Cemtrex prices 800,000 shares at $2.50 in registered direct offering

Cemtrex (CETX) entered into a definitive agreement for the purchase of approximately 800,000 shares and / or pre funded warrants with a single institutional investor, at a purchase price of $2.50 per share, with gross proceeds to the Company expected to be $2M to the Company. The transaction is expected to close on or about Dec 23, 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.