CitroTech closes $5.6 million public offering
CITR•CitroTech raised approximately $5.6 million in gross proceeds by selling 2,240,000 common shares at $2.50 each. The underwriter received a 45-day option to buy 336,000 additional shares.
1. Offering closed
CitroTech closed an underwritten public offering of 2,240,000 common shares at $2.50 per share, raising approximately $5.6 million in gross proceeds before underwriting fees and offering expenses. The underwriter received a 45-day option to purchase 336,000 additional shares at the offering price, less underwriting discounts and commissions. Net proceeds will fund working capital and other general corporate purposes.
