CitroTech prices $5.6M public offering at $2.50 per share

CitroTech Inc. (NYSE American: CITR), a specialty chemical company, announced the pricing of an underwritten public offering of 2,240,000 shares of common stock at $2.50 per share, according to a press release.

The company expects to receive approximately $5.6 million in gross proceeds before deducting underwriting discounts, commissions, and other offering expenses. CitroTech has also granted the underwriter a 45-day option to purchase up to an additional 336,000 shares at the public offering price, less underwriting discounts and commissions.

The offering is expected to close on or about October 22, 2026, subject to customary closing conditions. The company said it intends to use net proceeds for working capital and general corporate purposes.

Univest Securities, LLC is acting as sole book-running manager for the offering. The offering is being made pursuant to a registration statement on Form S-1 declared effective by the U.S. Securities and Exchange Commission on October 20, 2026.

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