LONG ISLAND CITY, NY – Cemtrex today increased its planned reverse stock split to 8:1, from the previously announced 6:1 split.

The company’s board changed the reverse stock split ratio to ensure Cemtrex meets Nasdaq compliance requirements for its common stock.

The firm’s common stock will continue to trade under the symbol CETX. Every eight shares of issued and outstanding common stock before the open of business on Jun. 13 will be combined into one issued and outstanding share of common stock, with no change in par value per share.

The reverse stock split will affect all issued and outstanding shares of the common shares, as well as the number of shares of common shares available for issuance under stock options and warrants. In addition, the reverse stock split will reduce the number of shares of common shares issuable upon the exercise of stock options or warrants outstanding immediately prior to the reverse split and correspondingly increase the respective exercise prices.

The reverse stock split will affect all shareholders uniformly and will not alter any shareholder's percentage interest in the company's equity.

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