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AI brief of an SEC Form 8-K · CitroTech Inc. (CITR)

CitroTech closes $5.6 million public offering of 2,240,000 shares at $2.50 each

Neutral Impact 3 of 5 financing Written later

CitroTech Inc. priced and then closed an underwritten public offering of 2,240,000 common shares at $2.50 per share, with gross proceeds of approximately $5.6 million before discounts and expenses. Shareholders should note that the offering issues new shares, and the company says the net proceeds will fund working capital and general corporate purposes.

Key points

  • Offering of 2,240,000 shares at $2.50 per share, priced October 21, 2026 and closed October 22, 2026.
  • Gross proceeds of approximately $5.6 million before underwriting discounts and estimated offering expenses.
  • Underwriter Univest Securities, LLC has a 45-day option to buy up to 336,000 additional shares at the offering price.
  • Company paid a 7.0% underwriting discount and reimbursed $50,000 of the underwriter's expenses.

The filing

CompanyCitroTech Inc. (CITR)
Form8-K, current report
Filed with the SECOct 22, 2026, 4:15 PM ET
Accession number0001683168-26-008023

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.