 Brooklyn, NY, June 10, 2020 GLOBE NEWSWIRE Cemtrex Inc. Nasdaq: CETX, CETXP, CETXW, a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things IoT, Augmented and Virtual Reality AR VR, and Artificial Intelligence and Computer Vision AI CV, today announced it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock at a purchase price of 2.24 per share in a registered direct offering priced at-the-market under Nasdaq rules for gross proceeds of 5.4 million before deducting placement agent fees and expenses. The closing of the offering is expected to occur on or about June 12, 2020, subject to the satisfaction of customary closing conditions. 