{"id":1012841,"date":"2026-10-22T16:58:10","date_gmt":"2026-10-22T20:58:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citrotech-inc-announces-closing-of-5-6-million-public-offering\/"},"modified":"2026-10-22T16:58:10","modified_gmt":"2026-10-22T20:58:10","slug":"citrotech-inc-announces-closing-of-5-6-million-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citrotech-inc-announces-closing-of-5-6-million-public-offering\/","title":{"rendered":"CitroTech Inc. Announces Closing of $5.6 Million Public Offering"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside }\n.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CitroTech Inc. Announces Closing of $5.6 Million Public Offering<\/b><\/p>\n<p>GREENWOOD VILLAGE, Colo.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;CitroTech Inc. (NYSE AM: CITR) (\u201cCitroTech\u201d or the \u201cCompany\u201d), a specialty chemical company developing environmentally responsible fire-inhibitor solutions, today announced the closing of an underwritten public offering of 2,240,000 shares of common stock at a public offering price of $2.50 per share. The aggregate gross proceeds from the offering were approximately $5.6 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 336,000 shares of common stock at the public offering price, less underwriting discounts and commissions.<\/p>\n<p>The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.<\/p>\n<p>Univest Securities, LLC acted as sole book-running manager for the offering.<\/p>\n<p>This public offering was made by the Company pursuant to a registration statement on Form S-1 (File No. 333-299155), which was declared effective by the United States Securities and Exchange Commission (the \u201cSEC\u201d) on October 20, 2026. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Univest Securities, LLC at <a rel=\"nofollow\" href=\"mailto:info@univest.us\">info@univest.us<\/a> or by calling (212) 343-8888. The final prospectus relating to the offering has been filed with the SEC and will be available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sec.gov&amp;esheet=54627504&amp;newsitemid=20261022242884&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.sec.gov&amp;index=1&amp;md5=42991925b382a29ffe7d6439b8737403\">https:\/\/www.sec.gov<\/a>.<\/p>\n<p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.<\/p>\n<p><strong>About CitroTech Inc.<\/strong><\/p>\n<p>CitroTech Inc. (NYSE AM: CITR) is manufacturing and deploying the CitroTech family of innovative, environmentally safe fire prevention solutions for homes, wood products, and wildfire prevention and asset protection. CitroTech is the only long-term fire inhibitor recognized by the EPA Safer Choice program and tested to UL Greenguard Gold standards, providing effective and scientifically validated wildfire mitigation while safeguarding human and environmental health. The company&#8217;s growing patent portfolio, recurring-revenue model, and scalable approach support its long-term growth and market expansion. For more information, visit CitroTech.com.<\/p>\n<p><strong>Forward-Looking Statements<\/strong><\/p>\n<p>Certain statements contained in this press release constitute \u201cforward-looking statements.\u201d These forward-looking statements represent CitroTech\u2019s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of CitroTech\u2019s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These include, but are not limited to, statements regarding the Company\u2019s intended use of the net proceeds from the offering.<\/p>\n<p>Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, CitroTech does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CitroTech to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in the Company\u2019s filings with the SEC, including the prospectus relating to the offering, which could cause the Company\u2019s actual results to differ materially from those contained in any forward-looking statement.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261022242884r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261022242884\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261022242884\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\">Media &amp; Investor Contact:<\/p>\n<p>CitroTech Inc.<br \/>Annabelle Barbara<br \/>Antenna Group<br \/><a rel=\"nofollow\" href=\"mailto:CitroTech@antennagroup.com\">CitroTech@antennagroup.com<\/a><br \/>(201) 916-0313<\/p>\n<p class=\"bwalignl\">Investor Relations Contact:<\/p>\n<p>Brett Maas, Managing Principal<br \/>Hayden IR, LLC<br \/><a rel=\"nofollow\" href=\"mailto:CITR@haydenir.com\">CITR@haydenir.com<\/a><br \/>(480) 861-2425<\/p>\n<p><b>KEYWORDS:<\/b> Colorado United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>CitroTech Inc. Announces Closing of $5.6 Million Public Offering GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211;CitroTech Inc. (NYSE AM: CITR) (\u201cCitroTech\u201d or the \u201cCompany\u201d), a specialty chemical company developing environmentally responsible fire-inhibitor solutions, today announced the closing of an underwritten public offering of 2,240,000 shares of common stock at a public offering price of $2.50 per share. The aggregate gross proceeds from the offering were approximately $5.6 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 336,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citrotech-inc-announces-closing-of-5-6-million-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CitroTech Inc. Announces Closing of $5.6 Million Public Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1012841","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CitroTech Inc. Announces Closing of $5.6 Million Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citrotech-inc-announces-closing-of-5-6-million-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CitroTech Inc. Announces Closing of $5.6 Million Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CitroTech Inc. Announces Closing of $5.6 Million Public Offering GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211;CitroTech Inc. (NYSE AM: CITR) (\u201cCitroTech\u201d or the \u201cCompany\u201d), a specialty chemical company developing environmentally responsible fire-inhibitor solutions, today announced the closing of an underwritten public offering of 2,240,000 shares of common stock at a public offering price of $2.50 per share. The aggregate gross proceeds from the offering were approximately $5.6 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 336,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds from &hellip; Continue reading &quot;CitroTech Inc. 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