CitroTech Prices $5.6 Million Public Offering of Common Stock
CitroTech (CITR) has announced the pricing of an underwritten public offering consisting of 2.24 million shares of common stock. The shares are being offered at a price of $2.50 per share, totaling approximately $5.6 million in gross proceeds. Following the announcement, CITR shares experienced downward pressure, slipping nearly 10% during early trading hours. This movement is typical following equity offerings as markets adjust to potential shareholder dilution.
