What specific actions did Cemtrex take to regain Nasdaq compliance by January 2, 2025, after the August 2024 notice?

Cemtrex, Inc. (US:CETX) successfully regained compliance with Nasdaq's Minimum Stockholder's Equity Requirement by January 2, 2025, following a notice received in August 2024. The primary action taken by the company was the filing of its annual report.

Here's a timeline of events and Cemtrex's response:

• August 21, 2024: Cemtrex received a notification from Nasdaq's Listing Qualifications Department. This notice indicated that the company no longer met the minimum stockholder's equity requirement of $2,500,000, as reported in its Form 10-Q for the period ended June 30, 2024.1
• October 23, 2024: Nasdaq granted Cemtrex an extension until February 17, 2025, to regain compliance with this requirement.1
• December 30, 2024: Cemtrex filed its Form 10-K, which reported stockholders' equity of $4,710,677.1
• January 2, 2025: Nasdaq confirmed that, based on the filed Form 10-K, Cemtrex had regained compliance with the Minimum Stockholder's Equity Requirement, and the matter was closed.1

It's worth noting that Cemtrex also undertook reverse stock splits in June and November 2024. However, these actions were primarily aimed at addressing a separate Nasdaq compliance issue related to the minimum bid price requirement, not the stockholder's equity deficiency that was resolved by January 2, 2025.2