Leave Delaware(@LeaveDelaware):NEW: NASDAQ-LISTED CEMTREX HAS APPROVED A MOVE FROM DELAWARE TO NEVADA — CITING A $200,000 DELAWARE FRANCHISE-TAX BILL AND THE COST OF STOCKHOLDER LITIGATION. Cemtrex’s board says Nevada offers a more predictable, statute-based corporate regime, stronger protections for directors and officers and lower ongoing costs. The filing explicitly says even unsuccessful Delaware lawsuits consume management time and raise D&O insurance expense. Its controlling shareholder has already approved the conversion by written consent. After the move, Cemtrex says it will stop accruing Delaware franchise tax entirely.

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Leave Delaware@LeaveDelaware

2026.09.06 12:47

NEW: NASDAQ-LISTED CEMTREX HAS APPROVED A MOVE FROM DELAWARE TO NEVADA — CITING A $200,000 DELAWARE FRANCHISE-TAX BILL AND THE COST OF STOCKHOLDER LITIGATION. Cemtrex’s board says Nevada offers a more predictable, statute-based corporate regime, stronger protections for directors and officers and lower ongoing costs. The filing explicitly says even unsuccessful Delaware lawsuits consume management time and raise D&O insurance expense. Its controlling shareholder has already approved the conversion by written consent. After the move, Cemtrex says it will stop accruing Delaware franchise tax entirely.