The $4 million registered direct offering announced by Cemtrex, Inc. (CETX) on January 9, 2026, at a purchase price of $2.722 per share, is expected to result in the issuance of approximately 1,469,507 shares and/or pre-funded warrants.1 This offering will significantly impact the company's share dilution.
To estimate the dilution, we can consider the most recently reported common stock outstanding and factor in subsequent capital raises.
Dilution Analysis
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Current Shares Outstanding (Estimated): As of June 30, 2025, Cemtrex, Inc. reported 3,509,606 shares of common stock issued and outstanding.2 However, the company conducted several registered direct offerings in December 2025:
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December 11, 2025: Approximately 666,667 shares at $3.00 per share.3
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December 23, 2025: Approximately 800,000 shares at $2.50 per share.4
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December 30, 2025: Approximately 888,889 shares at $2.25 per share.5
Adding these to the June 30, 2025 figure, the estimated shares outstanding prior to the January 9, 2026 offering would be approximately 3,509,606 + 666,667 + 800,000 + 888,889 = 5,865,162 shares.
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New Shares from January 9, 2026 Offering: The offering will add 1,469,507 shares to the outstanding count.1
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Total Shares Post-Offering: After the January 9, 2026 offering, the total estimated shares outstanding would be approximately 5,865,162 + 1,469,507 = 7,334,669 shares.
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Dilution Percentage: Based on these figures, the 1,469,507 new shares represent approximately a 20.03% dilution relative to the estimated total shares outstanding after this offering (1,469,507 / 7,334,669).
This offering, combined with the recent December 2025 offerings, indicates a pattern of significant share issuance, which can exert downward pressure on the stock price per share due to the increased supply and potential reduction in earnings per share. Investors should monitor subsequent SEC filings for updated share counts and the company's use of proceeds.
