[SCHEDULE 13G/A] CEMTREX INC. SEC Filing
This Schedule 13G/A discloses that Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC (the Reporting Persons) are each deemed to beneficially own 336,801 shares of Cemtrex Inc. common stock, representing approximately 9.99% of the company’s outstanding common stock as presented in the filing. The shares reported are issuable upon exercise of a warrant held by Intracoastal (Intracoastal Warrant 1).
Each Reporting Person has shared voting and shared dispositive power over 336,801 shares and no sole voting or dispositive power. The filing explains that blocker provisions in Intracoastal Warrant 1 and Intracoastal Warrant 2 prevent exercise to the extent doing so would increase ownership above 9.99% and 4.99%, respectively, thereby excluding 1,671,598 and 142,778 warrant shares from current beneficial ownership calculations. Without those blocker provisions, the Reporting Persons may be deemed to beneficially own 2,151,177 shares.
La Schedule 13G/A indica che Mitchell P. Kopin, Daniel B. Asher e Intracoastal Capital LLC (le Persone dichiarante) sono considerati ciascuno titolari benefici di 336,801 azioni ordinarie di Cemtrex Inc., pari a circa 9.99% del capitale sociale in circolazione secondo la comunicazione. Le azioni segnalate sono esercitabili tramite un warrant detenuto da Intracoastal (Intracoastal Warrant 1).
Ogni Persona dichiarante detiene potere di voto condiviso e potere dispositivo condiviso su 336,801 azioni e non dispone di potere di voto o dispositivi esclusivi. La dichiarazione precisa che clausole di blocco nei warrant Intracoastal Warrant 1 e Intracoastal Warrant 2 impediscono l’esercizio nella misura in cui aumenterebbe la partecipazione oltre il 9.99% e il 4.99%, rispettivamente, escludendo così 1,671,598 e 142,778 azioni di warrant dai calcoli della proprietà attuale. Senza tali clausole di blocco, le Persone dichiarante potrebbero essere considerate titolari benefici di 2,151,177 azioni.
Este Schedule 13G/A revela que Mitchell P. Kopin, Daniel B. Asher e Intracoastal Capital LLC (las Personas Informantes) son cada una consideradas titulares beneficiarios de 336,801 acciones ordinarias de Cemtrex Inc., lo que representa aproximadamente el 9.99% del capital social en circulación según la presentación. Las acciones notificadas pueden ejercerse mediante un warrant en poder de Intracoastal (Intracoastal Warrant 1).
Cada Persona Informante tiene poder de voto compartido y poder dispositivo compartido sobre 336,801 acciones y no tiene poder de voto ni dispositivo exclusivo. La presentación explica que cláusulas de bloqueo en Intracoastal Warrant 1 e Intracoastal Warrant 2 impiden el ejercicio en la medida en que aumentara la participación por encima del 9.99% y del 4.99%, respectivamente, excluyendo así 1,671,598 y 142,778 acciones de warrant de los cálculos de propiedad actuales. Sin esas cláusulas de bloqueo, las Personas Informantes podrían considerarse titulares beneficiarios de 2,151,177 acciones.
본 Schedule 13G/A는 Mitchell P. Kopin, Daniel B. Asher 및 Intracoastal Capital LLC(신고인들)가 각각 Cemtrex Inc.의 보통주 336,801주를 실질적 소유자로 간주되며, 이는 제출서류에 따른 회사 발행 보통주의 약 9.99%에 해당한다고 밝힙니다. 보고된 주식은 Intracoastal가 보유한 워런트(Intracoastal Warrant 1)를 행사함으로써 취득 가능합니다.
각 신고인은 336,801주에 대해 공동 의결권 및 공동 처분권을 보유하고 있으며, 단독 의결권 또는 단독 처분권은 없습니다. 제출서류는 Intracoastal Warrant 1 및 Intracoastal Warrant 2의 차단 조항이 각각 보유 지분을 9.99% 및 4.99%를 넘기지 않도록 행사를 제한하여, 그 결과 1,671,598주 및 142,778주에 해당하는 워런트 주식을 현재의 실질적 소유 계산에서 제외한다고 설명합니다. 이러한 차단 조항이 없었다면 신고인들은 2,151,177주를 실질적 소유로 간주될 수 있습니다.
Ce Schedule 13G/A indique que Mitchell P. Kopin, Daniel B. Asher et Intracoastal Capital LLC (les personnes déclarante) sont chacun réputés détenir à titre bénéficiaire 336,801 actions ordinaires de Cemtrex Inc., ce qui représente environ 9.99% des actions ordinaires en circulation selon le dépôt. Les actions signalées peuvent être obtenues par l’exercice d’un warrant détenu par Intracoastal (Intracoastal Warrant 1).
Chaque personne déclarante possède des droits de vote partagés et un pouvoir de disposition partagé sur 336,801 actions et n’a aucun droit de vote ou pouvoir de disposition exclusif. Le dépôt explique que des clauses de blocage dans Intracoastal Warrant 1 et Intracoastal Warrant 2 empêchent l’exercice dans la mesure où celui-ci ferait dépasser la participation à 9.99% et à 4.99%, respectivement, excluant ainsi 1,671,598 et 142,778 actions de warrant des calculs de détention actuels. Sans ces clauses de blocage, les personnes déclarante pourraient être considérées comme détenant à titre bénéficiaire 2,151,177 actions.
Diese Schedule 13G/A gibt an, dass Mitchell P. Kopin, Daniel B. Asher und Intracoastal Capital LLC (die meldenden Personen) jeweils als wirtschaftliche Eigentümer von 336,801 Aktien der Stammaktien von Cemtrex Inc. gelten, was laut der Meldung etwa 9.99% der ausstehenden Stammaktien des Unternehmens entspricht. Die gemeldeten Aktien sind durch Ausübung eines von Intracoastal gehaltenen Warrants (Intracoastal Warrant 1) erwerbbar.
Jede meldende Person verfügt über gemeinsame Stimmrechte und gemeinsame Verfügungsbefugnis an 336,801 Aktien und hat keine alleingängigen Stimmrechte oder Verfügungsbefugnis. Die Meldung erläutert, dass Sperrklauseln in Intracoastal Warrant 1 und Intracoastal Warrant 2 die Ausübung insoweit verhindern, als dadurch das Eigentum über 9.99% bzw. 4.99% hinaus erhöht würde, wodurch jeweils 1,671,598 bzw. 142,778 Warrant-Aktien von der aktuellen Berechnung des wirtschaftlichen Eigentums ausgeschlossen werden. Ohne diese Sperrklauseln könnten die meldenden Personen als wirtschaftliche Eigentümer von 2,151,177 Aktien gelten.
- Transparency: The filing clearly discloses that the Reporting Persons are each deemed to beneficially own 336,801 shares, representing 9.99% of Cemtrex common stock.
- Detail on warrants: The document explains the specific warrants (Intracoastal Warrant 1 and 2) and quantifies excluded shares and the hypothetical total of 2,151,177 shares without blocker provisions.
- No sole control: Each Reporting Person reports 0 sole voting power and 0 sole dispositive power; authority is shared.
- Exercise limited by blockers: Intracoastal Warrant 1 and Warrant 2 contain blocker provisions excluding 1,671,598 and 142,778 shares respectively from current ownership calculations.
- Concentration near threshold: The reported 9.99% position sits at a regulatory/ownership threshold, which is material to capital structure and governance considerations.
Insights
TL;DR A near-10% aggregated position is disclosed via warrants; blocker provisions limit immediate exercise and reported ownership.
The filing shows each Reporting Person is attributed 336,801 shares, or 9.99% of Cemtrex common stock on the stated basis. Those shares are tied to a warrant held by Intracoastal and the reporting basis references 3,034,581 shares outstanding following the referenced offering. Important for capital structure analysis are the blocker provisions that exclude large tranches of warrant shares (1,671,598 and 142,778 shares) from the reported beneficial ownership, and the statement that without the blockers the group could be deemed to beneficially own 2,151,177 shares. For valuation and control analysis, note the group reports only shared voting and dispositive power and no sole power.
TL;DR Disclosure documents a significant group stake but shows structural limits on exercising control through blocker provisions and shared authority.
The report is clear on governance-relevant facts: the Reporting Persons are identified, their citizenships and principal business addresses are provided, and ownership is reported as shared voting/dispositive power of 336,801 shares each. Blocker provisions in two warrants explicitly cap potential exercises at 9.99% and 4.99%, which materially constrain the group’s ability to increase voting influence through warrant exercises. The filing is a routine, transparent governance disclosure with material figures for board and investor analysis.
La Schedule 13G/A indica che Mitchell P. Kopin, Daniel B. Asher e Intracoastal Capital LLC (le Persone dichiarante) sono considerati ciascuno titolari benefici di 336,801 azioni ordinarie di Cemtrex Inc., pari a circa 9.99% del capitale sociale in circolazione secondo la comunicazione. Le azioni segnalate sono esercitabili tramite un warrant detenuto da Intracoastal (Intracoastal Warrant 1).
Ogni Persona dichiarante detiene potere di voto condiviso e potere dispositivo condiviso su 336,801 azioni e non dispone di potere di voto o dispositivi esclusivi. La dichiarazione precisa che clausole di blocco nei warrant Intracoastal Warrant 1 e Intracoastal Warrant 2 impediscono l’esercizio nella misura in cui aumenterebbe la partecipazione oltre il 9.99% e il 4.99%, rispettivamente, escludendo così 1,671,598 e 142,778 azioni di warrant dai calcoli della proprietà attuale. Senza tali clausole di blocco, le Persone dichiarante potrebbero essere considerate titolari benefici di 2,151,177 azioni.
Este Schedule 13G/A revela que Mitchell P. Kopin, Daniel B. Asher e Intracoastal Capital LLC (las Personas Informantes) son cada una consideradas titulares beneficiarios de 336,801 acciones ordinarias de Cemtrex Inc., lo que representa aproximadamente el 9.99% del capital social en circulación según la presentación. Las acciones notificadas pueden ejercerse mediante un warrant en poder de Intracoastal (Intracoastal Warrant 1).
Cada Persona Informante tiene poder de voto compartido y poder dispositivo compartido sobre 336,801 acciones y no tiene poder de voto ni dispositivo exclusivo. La presentación explica que cláusulas de bloqueo en Intracoastal Warrant 1 e Intracoastal Warrant 2 impiden el ejercicio en la medida en que aumentara la participación por encima del 9.99% y del 4.99%, respectivamente, excluyendo así 1,671,598 y 142,778 acciones de warrant de los cálculos de propiedad actuales. Sin esas cláusulas de bloqueo, las Personas Informantes podrían considerarse titulares beneficiarios de 2,151,177 acciones.
본 Schedule 13G/A는 Mitchell P. Kopin, Daniel B. Asher 및 Intracoastal Capital LLC(신고인들)가 각각 Cemtrex Inc.의 보통주 336,801주를 실질적 소유자로 간주되며, 이는 제출서류에 따른 회사 발행 보통주의 약 9.99%에 해당한다고 밝힙니다. 보고된 주식은 Intracoastal가 보유한 워런트(Intracoastal Warrant 1)를 행사함으로써 취득 가능합니다.
각 신고인은 336,801주에 대해 공동 의결권 및 공동 처분권을 보유하고 있으며, 단독 의결권 또는 단독 처분권은 없습니다. 제출서류는 Intracoastal Warrant 1 및 Intracoastal Warrant 2의 차단 조항이 각각 보유 지분을 9.99% 및 4.99%를 넘기지 않도록 행사를 제한하여, 그 결과 1,671,598주 및 142,778주에 해당하는 워런트 주식을 현재의 실질적 소유 계산에서 제외한다고 설명합니다. 이러한 차단 조항이 없었다면 신고인들은 2,151,177주를 실질적 소유로 간주될 수 있습니다.
Ce Schedule 13G/A indique que Mitchell P. Kopin, Daniel B. Asher et Intracoastal Capital LLC (les personnes déclarante) sont chacun réputés détenir à titre bénéficiaire 336,801 actions ordinaires de Cemtrex Inc., ce qui représente environ 9.99% des actions ordinaires en circulation selon le dépôt. Les actions signalées peuvent être obtenues par l’exercice d’un warrant détenu par Intracoastal (Intracoastal Warrant 1).
Chaque personne déclarante possède des droits de vote partagés et un pouvoir de disposition partagé sur 336,801 actions et n’a aucun droit de vote ou pouvoir de disposition exclusif. Le dépôt explique que des clauses de blocage dans Intracoastal Warrant 1 et Intracoastal Warrant 2 empêchent l’exercice dans la mesure où celui-ci ferait dépasser la participation à 9.99% et à 4.99%, respectivement, excluant ainsi 1,671,598 et 142,778 actions de warrant des calculs de détention actuels. Sans ces clauses de blocage, les personnes déclarante pourraient être considérées comme détenant à titre bénéficiaire 2,151,177 actions.
Diese Schedule 13G/A gibt an, dass Mitchell P. Kopin, Daniel B. Asher und Intracoastal Capital LLC (die meldenden Personen) jeweils als wirtschaftliche Eigentümer von 336,801 Aktien der Stammaktien von Cemtrex Inc. gelten, was laut der Meldung etwa 9.99% der ausstehenden Stammaktien des Unternehmens entspricht. Die gemeldeten Aktien sind durch Ausübung eines von Intracoastal gehaltenen Warrants (Intracoastal Warrant 1) erwerbbar.
Jede meldende Person verfügt über gemeinsame Stimmrechte und gemeinsame Verfügungsbefugnis an 336,801 Aktien und hat keine alleingängigen Stimmrechte oder Verfügungsbefugnis. Die Meldung erläutert, dass Sperrklauseln in Intracoastal Warrant 1 und Intracoastal Warrant 2 die Ausübung insoweit verhindern, als dadurch das Eigentum über 9.99% bzw. 4.99% hinaus erhöht würde, wodurch jeweils 1,671,598 bzw. 142,778 Warrant-Aktien von der aktuellen Berechnung des wirtschaftlichen Eigentums ausgeschlossen werden. Ohne diese Sperrklauseln könnten die meldenden Personen als wirtschaftliche Eigentümer von 2,151,177 Aktien gelten.