Cemtrex Inc. has entered into a new financing agreement with Streeterville Capital, LLC, issuing a promissory note in the principal amount of $7,025,000. The agreement, dated November 7, 2025, stipulates that interest will accrue at the daily Secured Overnight Financing Rate $(SOFR)$ through December 31, 2025, and at an 8% annual rate thereafter. After deducting issuance fees, Cemtrex received $7,000,000 in cash proceeds, which are intended to support potential acquisitions. If the note remains outstanding as of January 1, 2026, an additional one-time interest fee of $1,050,000 will be added to the balance. The note matures 18 months from issuance, with redemptions beginning after six months.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cemtrex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-021923), on November 12, 2025, and is solely responsible for the information contained therein.