The IPO is expected to price and begin trading within 1-2 business days. Traders should monitor for the final pricing announcement and the opening trade. The $4.27 assumed price is at the last closing price, suggesting no discount. Watch for any last-minute changes in offering size or price.
Price Chart
Executive Summary
The SEC declared CitroTech Inc.'s S-1 registration statement effective on October 20, 2026, clearing the way for the company to proceed with its firm-commitment IPO of up to 1,639,344 shares of common stock at an assumed price of $4.27 per share, raising up to $7.0 million. The offering is underwritten by Univest Securities, LLC, with a 45-day over-allotment option for up to an additional 245,901 shares. The company will use net proceeds for working capital and general corporate purposes.
Key Facts
- Effectiveness date: October 20, 2026, for S-1 registration (File No. 333-299155).
- Firm-commitment IPO of up to 1,639,344 shares of common stock at $4.27 per share, raising up to $7.0 million.
- Underwriter: Univest Securities, LLC (sole book-running manager); 7% underwriting discount.
- 45-day over-allotment option for up to 245,901 additional shares (15% of the offering).
- Net proceeds to be used for working capital and general corporate purposes.
- Common stock listed on NYSE American under ticker CITR; closing price on September 24, 2026 was $4.27.
- Company is a smaller reporting company and an emerging growth company.
Financial Impact
Up to $7.0 million gross proceeds from the IPO, with 7% underwriting discount and additional estimated expenses.
Risk Factors
- Dilution from the new shares (up to 1,639,344 shares plus over-allotment).
- IPO may be delayed or downsized if market conditions deteriorate.
- Low market cap ($60M) and historical stock volatility (past reports show large swings).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003298 |
| Document: 9999999995-26-003298-index.html | 9999999995-26-003298 |
| Document: 9999999995-26-003298.txt | 9999999995-26-003298 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $2.65 | awaiting T+20 | — | $2.64 (+0.38%) |
Oct 22, 2026 4d 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 4w 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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