CitroTech (CITR) Registration filing summary

Company overview and business model

• Specializes in environmentally friendly fire inhibitor chemicals for wildland fire, property protection, and wood products markets in the US and Canada.

• Holds 31 issued US patents and 56 pending applications, with unique EPA Safer Choice and UL GREENGUARD Gold certifications.

• Products are distributed directly to customers after blending in California; expanding into proactive wildfire defense systems and joint ventures for wood products.

• Formed a 50/50 joint venture with Hexion Inc. in April 2026 to commercialize fire-retardant wood products.

• Target markets include lumber, construction, fire departments, and insurance-disrupted regions in wildfire-prone areas.

Financial performance and metrics

• Reported $625,581 in revenue for the six months ended June 30, 2026.

• Net loss of $10.1 million for the six months ended June 30, 2026, with an accumulated deficit of $123.3 million.

• Cash and cash equivalents as of June 30, 2026, were $2.5 million; pro forma as adjusted after offering, $8.8 million.

• Anticipates revenue growth from new joint venture and expanded product adoption in 2027.

Use of proceeds and capital allocation

• Expects net proceeds of approximately $6.3 million ($7.3 million if over-allotment is exercised) based on a $4.27 per share offering price.

• Proceeds will be used for working capital and general corporate purposes, with management retaining broad discretion over allocation.