CitroTech Inc. (NYSE AM: CITR) has completed an underwritten public offering of common stock. The company entered into an underwriting agreement with Univest Securities, LLC on October 21, 2026, to sell 2,240,000 shares of common stock at a price of $2.50 per share.
The offering generated aggregate gross proceeds of approximately $5.6 million, before deducting underwriting discounts and estimated offering expenses. CitroTech also 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 offering closed on or about October 22, 2026, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from the offering for working capital and other general corporate purposes.
Univest Securities, LLC served as the sole book-running manager for the transaction. The offering was made pursuant to a registration statement on Form S-1 (File No. 333-299155) that was declared effective by the SEC on October 20, 2026.
