On October 23, 2024, Cemtrex Received A Letter From Nasdaq That It Had Been Granted An Extension To Regain Compliance With The Minimum Stockholder's Equity Requirement
Portfolio Pulse from Benzinga Newsdesk
Cemtrex has received an extension from Nasdaq to regain compliance with the minimum stockholder's equity requirement.
October 28, 2024 | 8:19 pm
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Cemtrex has been granted an extension by Nasdaq to meet the minimum stockholder's equity requirement, which may alleviate immediate delisting concerns.
The extension from Nasdaq provides Cemtrex with additional time to address its equity shortfall, reducing immediate delisting risks and potentially stabilizing investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100