CitroTech Inc. (CITR) Form S-1 — Sep 28, 2026
CitroTech Inc. filed an S-1 for a firm-commitment offering of 1,639,344 shares at an assumed price of $4.27, targeting gross proceeds of up to $7.0 million with a 245,901-share over-allotment option granted to sole book-running manager Univest Securities. Net proceeds of roughly $6.3 million are earmarked for working capital and general corporate purposes. The raise matters because the company is thinly capitalized: $2.5 million in cash at June 30, 2026, a $10.1 million net loss for the first half of the year, and a $123.3 million accumulated deficit.
Key figures
- Total Debt
- 81113
- Cash Position
- 2519302
- Gross Proceeds
- 7000000
- Offering Price
- 4.27
- Shares Offered
- 1639344
- Shares Outstanding
- 22718180
- Lockup Days
- 90
- Net Proceeds
- $6.3 million ($7.3 million with full over-allotment)
- Greenshoe Shares
- 245901
- Dilution Per Share
- $3.87
- Accumulated Deficit
- $123.3 million
- Net Loss Six Months2026
- $10.1 million
- Revenue Six Months2026
- $625,581
- Underwriting Fee Percent
- 7.0%
AI analysis
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