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Cemtrex Inc (NASDAQ:CETX) shares are trading lower by 75% to $0.29 during Wednesday’s session after the company has announced a public offering with gross proceeds expected to be around $10 million, up from the initial $9 million. The offering includes common units or pre-funded units, each comprising common shares, warrants, and pre-funded warrants.
The company plans to use the funds for operational purposes, marketing, existing business investments, and debt repayment. They may also consider acquiring complementary businesses or technologies.
Aegis Capital Corp. has been granted an option to purchase additional shares and/or warrants. The closing of the offering is scheduled for May 3, pending standard closing conditions.
See Also: Private Employment Increases By 192,000, Beats Forecasts: ‘Hiring Was Broad-Based In April’
By now you're likely curious about how to participate in the market for Cemtrex – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Cemtrex, which is trading at $0.68 as of publishing time, $100 would buy you 147.06 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, CETX has a 52-week high of $11.45 and a 52-week low of $1.10.
Posted In: CETX
