Cemtrex board and majority stockholders approve 1-for-3 to 1-for-50 reverse stock split authorization

Reuters
Mar 17
Cemtrex board and majority stockholders approve 1-for-3 to 1-for-50 reverse stock split authorization

Cemtrex’s board approved an amendment to its certificate of incorporation to authorize a reverse stock split of its common stock at a ratio to be set between 1-for-3 and 1-for-50. The reverse split was also approved by shareholder written consent dated February 27, 2026, with 86.87% of the company’s voting equity voting in favor. The board was granted discretion to file the amendment and implement the reverse split at any time within 12 months after the written consent, or to abandon the action without further shareholder approval. Cemtrex said it expects to spend about USD 10,000 to prepare, print and mail the information statement.

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: 0001493152-26-010268), on March 16, 2026, and is solely responsible for the information contained therein.

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