CitroTech Inc. (CITR) Form 424B4 — Oct 22, 2026
CitroTech Inc. priced a firm commitment IPO-style follow-on offering of 2,240,000 shares at $2.50 per share, raising $5.6 million gross (approximately $5.0 million net) for working capital and general corporate purposes, with shares expected to settle on or about October 22, 2026.
Key figures
- Gross Proceeds
- 5600000
- Offering Price
- 2.5
- Shares Offered
- 2240000
- Net Proceeds
- approximately $5.0 million ($5.8 million with full over-allotment)
- Patents Issued
- 31
- Cash June30 2026
- 2519302
- Greenshoe Shares
- 336000
- Dilution Per Share
- $2.19 to new investors
- Full Time Employees
- 15
- Accumulated Deficit
- $123.3 million
- Net Loss Six Months2026
- $10.1 million
- Revenue Six Months2026
- 625581
- Underwriting Discount
- $0.175/share ($392,000; 7.0% of gross proceeds)
- Closing Price Oct20 2026
- 2.6
- Pro Forma Cash As Adjusted
- 7534483
- Pending Patent Applications
- 56
- Shares Outstanding After Offering
- 24958180
AI analysis
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