CitroTech Inc（CITR）のニュースとイベントCITRCitroTech Inc

CitroTech Prices Public Offering of 2.24 Million Shares at $2.50

CitroTech 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 $5.6M, 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.

CitroTech and Athena Intelligence Announce Strategic Partnership

CitroTech and Athena Intelligence announced a strategic partnership to bring geospatial intelligence to wildfire prevention. By combining CitroTech's fire-inhibitor technology with Athena's geospatial intelligence platform, the companies are enabling more precise assessments that move beyond static wildfire risk maps to provide targeted protection for utilities, municipal leaders, and homeowners. Athena's Voice of the Acre platform evaluates conditions across four layers of intelligence, from block-level risk profiling down to pixel-level fire behavior and treatment modeling. It draws on dozens of environmental and wildfire data sources to translate vegetation and fuel characteristics, weather, moisture, topography, and surrounding landscape conditions into highly granular, interconnected insights. These insights help utility providers, homeowners, and community leaders identify and prioritize locations for treatment before a fire starts or spreads. During an active wildfire event, real-time conditions can guide where resources should be deployed and how mitigation strategies should adapt. Treatment and performance data then feed back into the platform to measure outcomes and refine future decisions. The platform also accounts for mitigation activity - or its absence - beyond the boundary of an individual property or asset, showing how one decision can affect surrounding risk profiles.

CitroTech Accelerates Commercial Adoption, Generates Hundreds of Thousands in Sales

CitroTech has seen accelerated commercial adoption of its EPA Safer Choice-recognized wildfire prevention technology as customers and application partners transition away from phosphate-based fire retardants. "What we are experiencing today at CitroTech represents only the beginning," said Wes Bolsen, Chief Executive Officer of CitroTech. "In just the last few months, we have generated hundreds of thousands of dollars in direct product sales to railroads, utilities and county fire agencies. At the same time, our certified partner network is seeing a spike in demand from homeowners, business owners and other community organizations."