CitroTech Inc.: files underwriting agreement for 2,240,000 shares at $2.50

What happened

• On Oct 21, 2026, CitroTech Inc. reported that it entered into an underwriting agreement with Univest Securities, LLC, as representative of the underwriters, in connection with a public offering of 2,240,000 shares of common stock at a public offering price of $2.50 per share.
• The company also issued a press release on Oct 21, 2026 announcing that it had priced the underwritten public offering described in the filing.

Key details

• Public offering size: 2,240,000 shares at $2.50 per share.
• Underwriter option: 45-day option to purchase up to 336,000 additional shares at the public offering price, less the underwriting discount.
• Fees and expenses: underwriting discount equal to 7.0% of the gross proceeds and reimbursement to the representative of $50,000 for actual out-of-pocket expenses.
• Representative: Univest Securities, LLC.

Why it may matter

• Item reported: Item 1.01 (entry into a material definitive agreement) and Item 7.01 (Regulation FD disclosure announcing the pricing).
• The filing describes the underwriting agreement terms, the size and price of the offering, the underwriters’ option, and the fees paid to the underwriters. This filing does not show why the insider traded or why the company acted.