# CitroTech Prices 2.24 Million-Share Offering at $2.50 for $5.6 Million

> CitroTech priced 2,240,000 shares at $2.50 to raise about $5.6 million, with Univest Securities as sole book-running manager and a close set for October 22, 2026.

- Published: 2026-10-21T20:05:28+00:00
- Section: IPOs & Listings
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-21/citrotech-prices-5-6-million-offering
- Source: [Business Wire](https://www.businesswire.com/news/home/20261021765233/en/)

## Key takeaways

- CitroTech priced an underwritten public offering of 2,240,000 shares at $2.50 per share for expected gross proceeds of about $5.6 million.
- Univest Securities, LLC is acting as sole book-running manager, and the underwriter holds a 45-day option for up to 336,000 additional shares.
- CitroTech intends to use net proceeds for working capital and other general corporate purposes, with the offering expected to close on or about October 22, 2026.

[CitroTech](https://akta.pro/company-profiles/00q4c6r/citrotech) Inc. priced an underwritten public offering of 2,240,000 shares of common stock at $2.50 per share, expecting gross proceeds of approximately $5.6 million, according to [Business Wire](https://www.businesswire.com/news/home/20261021765233/en/). The specialty chemical company said it 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.

## CitroTech's Offering Terms and Underwriter

CitroTech said 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 other general corporate purposes. [TradingView](https://www.tradingview.com/news/business_wire:3b9e752800030:0-citrotech-inc-announces-pricing-of-5-6-million-public-offering/) also reported the pricing of 2,240,000 shares at $2.50 per share and the expected close date.

[Univest Securities](https://akta.pro/company-profiles/0002rg9/univest-securities), LLC is acting as sole book-running manager for the offering. The offering is being made under a registration statement on Form S-1 (File No. 333-299155) that the United States Securities and Exchange Commission declared effective on October 20, 2026. Univest Securities announced the closing of a $5.0 million registered direct offering for its client Singularity Future Technology Ltd. on August 21, 2026, according to Yahoo, and the closing of a $1.75 million registered direct offering for its client EShallGo Inc. on August 20, 2026, according to MarketScreener.

## CitroTech's Funding and Revenue Records

According to akta.pro [company records](https://akta.pro/company-data), CitroTech completed an $8.1 million Series C financing as part of its NYSE American uplist in December 2025. The same records show revenue of $2.4 million for fiscal year 2025, a 197% increase from the previous year, and CEO Wes Bolsen's forecasts of $4.17 million for fiscal 2026 and $6.46 million for fiscal 2027.

| Figure | Value |
| --- | --- |
| Series C financing (December 2025) | $8.1 million |
| FY2025 revenue | $2.4 million |
| FY2026 revenue forecast | $4.17 million |
| FY2027 revenue forecast | $6.46 million |

## Partnerships Before the Offering

CitroTech and Athena Intelligence announced a partnership in September 2026 to integrate fire-inhibitor performance data into geospatial wildfire risk modeling, showing an approximately 50% reduction in key fire-behavior characteristics including rate of spread, Stock Titan reported. In August 2026, CitroTech and Matrix Wildfire announced a strategic partnership combining Matrix's Massive Area Fire Denial hardware with CitroTech's EPA Safer Choice-recognized fire retardant chemistry to create wide-area firebreak barriers, Yahoo reported. CitroTech and Global Fireproof Solutions announced a strategic partnership in August 2026 to integrate CitroTech's non-toxic fire inhibitor into GFS's treatment capabilities, Yahoo reported.

## CitroTech's October 2026 Closing Date

The offering is expected to close on or about October 22, 2026, subject to the satisfaction of customary closing conditions.

## Companies in this story

- [CitroTech company profile](https://akta.pro/company-profiles/00q4c6r/citrotech) · website: https://www.citrotech.com
- [Univest Securities company profile](https://akta.pro/company-profiles/0002rg9/univest-securities) · website: https://www.univest.us

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