CEMTREX INC (CETX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: June 05, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 3501.52% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1M
Potential Supply
0
Additional shares possible
Splits
5 Splits 5 Reverse
Past 2 years

Summary

CETX currently has 1.02M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 3501.52% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 5 stock splits (positive for accessibility) and 5 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 05, 2026
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 10,237,983 → 1,023,798

1M 0
May 15, 2026

10-Q filing | 10.2M shares outstanding

10M 0
Jan 09, 2026

8-K filing: Cemtrex, Inc. completed a registered direct offering, issuing 400,000 shares of common stock and prefunded warrants to purchase 1,069,507 shares for gross proceeds of $4,000,000. ($8.0M proceeds)

6.9M 0
Dec 30, 2025

8-K filing: Cemtrex, Inc. closed a registered direct offering on December 23, 2025, issuing 340,000 shares of common stock and prefunded warrants to purchase 548,889 shares of common stock for gross proceeds of $2,000,000. ($2.0M proceeds)

6.9M 0
Dec 29, 2025

10-K filing | 6.9M shares outstanding

6.9M 0
Dec 23, 2025

8-K filing: Cemtrex, Inc. closed a registered direct offering on December 23, 2025, issuing 330,000 shares of common stock and prefunded warrants to purchase 470,000 shares for gross proceeds of $2,000,000. ($2.0M proceeds)

6.2M 0
Dec 11, 2025

8-K filing: Cemtrex, Inc. closed a registered direct offering on December 11, 2025, issuing 310,000 shares of common stock and prefunded warrants to purchase 356,667 shares of common stock for gross proceeds of $2,000,000. ($2.0M proceeds)

380K 670K
Dec 11, 2025

8-K filing: The company issued 2,500,609 shares of its common stock to satisfy $6,084,000 of debt, and also issued 29,943 shares of common stock upon the exercise of Series A Warrants and 2,234,247 shares of common shares upon the exercise of Series B Warrants for $5.5 million proceeds. ($5.5M proceeds)

6.2M 0
Sep 29, 2025
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 5,678,183 → 378,545

380K 670K
Aug 14, 2025

10-Q filing | 5.7M shares outstanding

5.7M 10M
Jun 03, 2025

8-K filing: Soluna Holdings, Inc. closed the offering of 187,500 option shares to the underwriter Aegis Capital Corp. on June 3, 2025, for gross proceeds of approximately $187,500. ($0.19M proceeds)

1.8M 14M
May 29, 2025

8-K filing: Cemtrex, Inc. completed a public offering of 1,250,000 shares of common stock at $1.00 per share, with an over-allotment option for an additional 187,500 shares, resulting in gross proceeds of approximately $1,250,000 before deducting expenses. ($1.25M proceeds)

1.8M 14M
May 15, 2025

10-Q filing | 1.8M shares outstanding

1.8M 14M
Feb 14, 2025

10-Q filing | 1.8M shares outstanding

1.8M 14M
Jan 10, 2025

S-3/A filing: Cemtrex, Inc. is filing an S-3/A form to register securities, including common stock, preferred stock, warrants, debt securities, and units, for an aggregate initial offering price not to exceed $50,000,000.

1.7M 14M
Dec 30, 2024

10-K filing | 1.7M shares outstanding

1.7M 0
Dec 20, 2024

S-3 filing: Cemtrex, Inc. files an S-3 form to offer Common Stock, Preferred Stock, Warrants, Debt Securities, Units with an aggregate initial offering price not to exceed $50,000,000.

730K 0
Nov 26, 2024
Stock Split

8-K filing: Stock split 1-for-35 | Outstanding: 25,586,668 → 731,011

730K 0
Nov 25, 2024
Stock Split

8-K filing: Stock split 1-for-35 | Outstanding: 25,586,668 → 1,338,608

1.3M 0
Oct 03, 2024
Stock Split

8-K filing: Stock split 1-for-60 | Outstanding: 17,437,456 → 25,586,668

26M 0
Aug 14, 2024

10-Q filing | 17.4M shares outstanding

17M 0
May 14, 2024

10-Q filing | 10.7M shares outstanding

11M 5M
May 03, 2024

8-K filing: Cemtrex, Inc. closed a public offering of units, including common stock and pre-funded warrants, with Aegis Capital Corp. as the underwriter, resulting in gross proceeds of approximately $10,035,000. ($20.07M proceeds)

1M 15M
Apr 30, 2024

S-1/A filing: Cemtrex, Inc. is offering 5,056,179 units, each unit consisting of one share of common stock or one pre-funded warrant to purchase one share of common stock, one Series A warrant to purchase one share of common stock, and one Series B warrant to purchase one share of common stock at an assumed price of $1.78 per unit.

1M 15M
Apr 23, 2024

S-1/A filing: Cemtrex, Inc. is offering 2,884,616 units, each consisting of one share of common stock or one pre-funded warrant to purchase one share of common stock, one Series A warrant to purchase one share of common stock, and one Series B warrant to purchase one share of common stock at an assumed public offering price of $3.12 per Unit.

1M 8.1M
Feb 14, 2024

10-Q filing | 1.0M shares outstanding

1M 0
Jan 17, 2024

S-1 filing: Cemtrex, Inc. is offering shares of common stock, Series A-1 warrants, Series A-2 warrants, and prefunded warrants.

1.1M 0
Dec 28, 2023

10-K filing | 1.1M shares outstanding

1.1M 0
Aug 23, 2023

8-K filing: Cemtrex, Inc. authorized a share repurchase program for up to 2,200,000 shares of its Series 1 Preferred Stock over a 3-year period, starting September 1, 2023, and ending August 31, 2026.

1M 0
Aug 10, 2023

10-Q filing | 1.0M shares outstanding

1M 0
May 11, 2023

10-Q filing | 0.8M shares outstanding

820K 0
Feb 14, 2023

10-Q filing | 0.8M shares outstanding

760K 0
Jan 23, 2023
Stock Split

8-K filing: Stock split 1-for-35 | Outstanding: 27,778,856 → 793,682

790K 0
Dec 28, 2022

10-K filing | 27.8M shares outstanding

28M 0
Aug 15, 2022

10-Q filing | 25.8M shares outstanding

26M 0
May 16, 2022

10-Q filing | 24.1M shares outstanding

24M 0
Mar 29, 2022

RW filing: The Company has determined at this time not to proceed with the offering and requests that the Commission consent to this application for withdrawal of the Registration Statement.

23M 0
Feb 18, 2022

10-Q filing | 23.1M shares outstanding

23M 0
Feb 15, 2022

S-1 filing: The filing is for an offering of 250,000 shares of Series 1 Preferred Stock as in-kind dividend payments.

24M 0
Jan 21, 2022

10-K filing | 23.7M shares outstanding

24M 0
Aug 16, 2021

10-Q filing | 18.7M shares outstanding

19M 0
Jun 23, 2021

10-Q filing | 18.2M shares outstanding

18M 320K
May 28, 2021

10-Q filing | 17.8M shares outstanding

18M 680K
Feb 26, 2021

8-K filing: The company entered into a Settlement and Mutual Release Agreement with Aron Govil, a former officer and director, involving disputed transfers of $7,100,000. As part of the settlement, Mr. Govil will transfer 1,000,000 shares of Series A Preferred Stock, 50,000 shares of Series C Preferred Stock, and 469,949 shares of Series 1 Preferred Stock back to the company, and forfeit all outstanding options to purchase shares of common stock.

4M 15M
Jan 05, 2021

10-K filing | 4.0M shares outstanding

4M 15M
Aug 14, 2020

10-Q filing | 4.0M shares outstanding

4M 15M
Jul 30, 2020

S-3/A filing: Cemtrex, Inc. is offering common stock with an aggregate offering price of up to $20,000,000 through an "at the market offering" via sales agent A.G.P., with net proceeds intended for working capital and general corporate purposes.

9.8M 8.7M
Jul 21, 2020

S-3 filing: Cemtrex may offer and sell shares of its common stock having an aggregate offering price of up to $20,000,000 from time to time through A.G.P. / Alliance Global Partners in an at the market offering.

9.8M 8.7M
Jun 12, 2020

8-K filing: Cemtrex Inc. completed a public offering of 2,402,923 shares of its common stock at a price of $2.24 per share, resulting in net proceeds of approximately $5 million after deducting offering fees and expenses. ($5.0M proceeds)

9.8M 0
Jun 04, 2020

8-K filing: Cemtrex Inc. entered into securities purchase agreements for a public offering of 3,055,556 shares of common stock at $1.80 per share, resulting in net proceeds of approximately $5.1 million. ($0.0M proceeds)

9.8M 0
May 14, 2020

10-Q filing | 9.8M shares outstanding

9.8M 0
Apr 16, 2020

S-1 filing: The filing is for an offering of 1,783,317 shares of Series 1 Preferred Stock as in-kind dividend payments. Holders of Series 1 Preferred Stock are entitled to receive cumulative cash dividends at the rate of 10% of the purchase price per year, payable semiannually.

6.5M 0
Feb 26, 2020

8-K filing: Cemtrex Inc. entered into a Subscription Agreement relating to the public offering of 347,000 shares of the Company's common stock at a price of $1.30 per share, resulting in net proceeds of approximately $446,100. ($0.45M proceeds)

6.5M 0
Feb 19, 2020

10-Q filing | 6.5M shares outstanding

6.5M 0
Jan 24, 2020

8-K filing: Cemtrex Inc. completed a public offering of 500,000 shares of its common stock at $1.50 per share, receiving net proceeds of approximately $705,000 after expenses and commissions. ($0.75M proceeds)

4.5M 0
Jan 15, 2020

8-K filing: Cemtrex, Inc. authorized a share repurchase program for up to 2,000,000 shares each of common stock and series 1 preferred stock, over three years, starting January 15, 2020.

4.5M 0
Jan 14, 2020

10-K filing | 4.5M shares outstanding

4.5M 0
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