Brief: Cemtrex Enters Into A Standstill Agreement With Streeterville Capital

Cemtrex

01/05/2024 13:26

May 1 (Reuters) - Cemtrex Inc  CETX.O :
    * CEMTREX INC: ON APRIL 30, ENTERED INTO A STANDSTILL
AGREEMENT
WITH STREETERVILLE CAPITAL, LLC
    * CEMTREX: STREETERVILLE NOT TO SEEK TO REDEEM ANY PORTION
OF 2
OUTSTANDING NOTES WITH CO, DATED SEPT 20, 2021, FEB 22, 2022,
FOR ONE YEAR
    * CEMTREX: STREETERVILLE TO EXTEND MATURITY DATES ON NOTES
TO JUNE
30, 2025, FEB 22, 2026, RESPECTIVELY, GIVEN CO ENGAGES IN
FINANCING ON/BEFORE MAY 10
    * CEMTREX: TO PAY TO STREETERVILLE GREATER OF $4 MILLION OR
50% OF
NET PROCEEDS CO RECEIVES FROM SALE OF ANY OF COMMON STOCK OR
PREFERRED STOCK

Source text for Eikon:  ID:n0001493152-24-017351 
Further company coverage:  CETX.O 

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