Monitor the joint venture's progress toward the $10 million commercialization target by March 2028, as this will determine distribution allocations between the partners.
Price Chart
Executive Summary
CitroTech Inc. and Hexion Inc. formed a 50/50 joint venture, HexiTech LLC, to commercialize fire-retardant technology. CitroTech contributed its IP rights while Hexion contributed assets. The agreement includes a $6 million loan facility from Hexion to CitroTech, distribution terms favoring Hexion until commercialization targets are met, and various exit rights including put/call options.
Key Financial Metrics
Key Facts
- CitroTech and Hexion formed a 50/50 joint venture called HexiTech LLC
- CitroTech contributed fire-retardant IP rights to the joint venture
- Hexion contributed unspecified assets to the joint venture
- Hexion agreed to provide up to $6 million in loans to CitroTech to fund capital contributions
- Hexion has a call option to purchase CitroTech's interest if certain conditions are met
- Hexion has the right to receive 85% of distributions until the joint venture achieves $10 million in annual recurring revenue by March 31, 2028
Financial Impact
Up to $6 million in loans from Hexion to CitroTech, with 12% interest, to fund capital contributions through 2027
Risk Factors
- Failure to meet commercialization targets could delay CitroTech's return on investment
- Potential for Hexion to exercise its call option if CitroTech fails to repay advances
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-003093 |
| Document: citro_ex1002.htm | 0001683168-26-003093 |
| Document: citro_8k.htm | 0001683168-26-003093 |
| Document: 0001683168-26-003093-index-headers.html | 0001683168-26-003093 |
| Document: 0001683168-26-003093-index.html | 0001683168-26-003093 |
| Document: 0001683168-26-003093.txt | 0001683168-26-003093 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $2.65 | awaiting T+20 | — | $2.64 (+0.38%) |
Oct 22, 2026 5d ago | 424B4 | $2.65 | awaiting T+20 | — | $2.64 (+0.38%) |
Oct 21, 2026 6d ago | EFFECT | $2.64 | awaiting T+20 | — | $2.64 (+0.00%) |
Sep 28, 2026 29d ago | S-1 | $3.80 $2.64 | ▲ +30.53% | ▲ +30.50% | $2.64 (+30.53%) |
Sep 22, 2026 5w ago | Institutional Cluster | $4.60 $2.60 | ▼ −43.48% | ▼ −42.92% | $2.64 (−42.61%) |
Aug 10, 2026 11w ago | 10-Q/A | $5.84 $5.03 | ▲ +13.87% | ▲ +12.96% | $2.64 (+54.79%) |
Jun 17, 2026 18w ago | 8-K | $7.04 $4.71 | ▼ −33.10% | ▼ −33.63% | $2.64 (−62.50%) |
Jun 1, 2026 21w ago | 8-K | $6.92 $5.77 | ▼ −16.62% | ▼ −15.05% | $2.64 (−61.85%) |
Apr 21, 2026 27w ago | 8-K | $8.00 $6.55 | ▼ −18.13% | ▼ −23.04% | $2.64 (−67.00%) |
Apr 15, 2026 27w ago | EFFECT | $8.40 $6.83 | ▲ +18.69% | ▲ +24.73% | $2.64 (+68.57%) |
US Market Status
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