CitroTech Inc. Announces Pricing of $5.6 Million Public Offering

The financing includes a 45-day underwriter option to purchase up to an additional 336,000 common shares.

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GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- CitroTech Inc. (NYSE AM: CITR) (“CitroTech” or the “Company”), a specialty chemical company developing environmentally responsible fire-inhibitor solutions, today announced the pricing of an underwritten public offering of 2,240,000 shares of common stock at a public offering price of $2.50 per share. The Company expects to receive aggregate gross proceeds of approximately $5.6 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has 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 is expected to close 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 is acting as sole book-running manager for the offering.

This public offering is being made by the Company pursuant to a registration statement on Form S-1 (File No. 333-299155), which was declared effective by the United States Securities and Exchange Commission (the “SEC”) on October 20, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from Univest Securities, LLC at info@univest.us or by calling (212) 343-8888. The final prospectus, when available, will also be filed with the SEC and will be available on the SEC’s website at https://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About CitroTech Inc.

CitroTech Inc. (NYSE AM: CITR) is manufacturing and deploying the CitroTech family of innovative, environmentally safe fire prevention solutions for homes, wood products, and wildfire prevention and asset protection. CitroTech is the only long-term fire inhibitor recognized by the EPA Safer Choice program and tested to UL Greenguard Gold standards, providing effective and scientifically validated wildfire mitigation while safeguarding human and environmental health. The company's growing patent portfolio, recurring-revenue model, and scalable approach support its long-term growth and market expansion. For more information, visit CitroTech.com.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements.” These forward-looking statements represent CitroTech’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of CitroTech’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These include, but are not limited to, statements regarding the closing of the offering and the intended use of proceeds therefrom.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, CitroTech does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CitroTech to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in the Company’s filings with the SEC, including the prospectus relating to the offering, which could cause the Company’s actual results to differ materially from those contained in any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261021765233/en/

Media & Investor Contact:

CitroTech Inc.
Annabelle Barbara
Antenna Group
CitroTech@antennagroup.com
(201) 916-0313

Investor Relations Contact:

Brett Maas, Managing Principal
Hayden IR, LLC
CITR@haydenir.com
(480) 861-2425

Source: CitroTech Inc.

Key Terms

form s-1 regulatory

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

registration statement regulatory

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

underwriter financial

An underwriter is a financial firm that evaluates, guarantees and helps sell a new security offering—such as a stock or bond—by buying the issue from the issuer and reselling it to investors or organizing the sale. Think of them as a bridge or safety net: they take on the risk, set the price, handle marketing and paperwork, and their work determines how much money a company can raise and how smoothly the offering reaches the market.

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