SCHEDULE: Intracoastal Capital Discloses 9.99% Stake in Cemtrex
Beneficial Ownership Disclosure
Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, reported a 9.99% beneficial ownership stake in Cemtrex Inc. common stock.
Summary
- Reporting Persons Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC collectively hold beneficial ownership of 336,801 shares of Cemtrex Inc. common stock.
- This represents approximately 9.99% of the outstanding common stock.
- The calculation is based on 3,034,581 shares of Common Stock outstanding immediately after an offering, as detailed in the Issuer's Prospectus Supplement filed on May 29, 2025, plus the 336,801 shares issuable upon exercise of Intracoastal Warrant 1.
- The filing notes that 1,671,598 shares from Intracoastal Warrant 1 are excluded from current beneficial ownership due to a 9.99% blocker provision, which prevents exercise if it would result in ownership exceeding this threshold.
- Additionally, 142,778 shares from Intracoastal Warrant 2 are excluded due to a 4.99% blocker provision.
- Without these blocker provisions, the reporting persons would have been deemed to have beneficial ownership of 2,151,177 shares of Common Stock.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.
Positives
- Reporting persons hold a significant beneficial ownership stake of 9.99% in Cemtrex Inc., indicating a notable investment position.
Negatives
- NA
Risks
- The beneficial ownership is subject to blocker provisions in the warrants, limiting the exercise of Intracoastal Warrant 1 to prevent ownership exceeding 9.99% and Intracoastal Warrant 2 to prevent ownership exceeding 4.99%.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes by institutional investors.
Key Dates
| Date | Description |
|---|---|
| 05/29/2025 | Date of Issuer's Prospectus Supplement filing under Rule 424(b)(5), used for outstanding share count. |
| 06/30/2025 | Date of event requiring the filing of this statement. |
| 08/12/2025 | Signature date of the Schedule 13G filing. |
Keywords
Cemtrex Inc., Common Stock, Schedule 13G, Beneficial Ownership, Intracoastal Capital, Mitchell Kopin, Daniel Asher, SEC Filing, Investment, Shareholder Stake
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