{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-25-001784","form_type":"8-K","ticker":"CITR","cik":"0000894556","company_name":"CitroTech Inc.","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.522864+00:00","generated_at":"2026-05-17T04:32:03.401633+00:00","sec_items":["1.01","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"GEVI raises $6.3M in PIPE, replaces CEO with Wesley Bolsen","bullets":["PIPE of 420,937 Series C Preferred shares at $15/share (convertible 3.3333:1 into common) and warrants for 701,563 shares at $6.00, raising $6,314,062.","CEO Theodore Ralston resigned Oct 1, 2025; Wesley J. Bolsen appointed CEO and director effective Oct 1.","Bolsen employment: $300,000 base salary, 6,250 Series C Preferred signing bonus, additional shares for market cap milestones.","Director John Costa resigned Sept 15, 2025; Bolsen appointed to fill vacancy effective same date.","Pro forma shareholders' equity post-PIPE: $11.6M; common shares outstanding 17,552,912."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-25-001784","json":"https://secwatch.observer/filing/0001640334-25-001784.json","markdown":"https://secwatch.observer/filing/0001640334-25-001784.md","text":"https://secwatch.observer/filing/0001640334-25-001784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/0001640334-25-001784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/gevi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:32:03.401633+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03c00a5abdd55fb91990d02117f8a9b4e229dc57","claim":"CitroTech Inc. issued warrants to purchase up to a number of shares of Common Stock equal to 5% of the total number of Common Stock issuable upon conversion of the Preferred Stock Sh of warrant to Univest Securities, LLC.","evidence_excerpt":"issued the Placement Agent, or its designees, warrants to purchase up to a number of shares of Common Stock (the “Placement Agent Warrants”) equal to 5% of the total number of Common Stock issuable upon conversion of the Preferred Stock Shares and exercise of the PIPE Warrants sold in the PIPE Offering","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/0001640334-25-001784-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"warrants to purchase up to a number of shares of Common Stock equal to 5% of the total number of Common Stock issuable upon conversion of the Preferred Stock Sh"},{"label":"Purchaser","value":"Univest Securities, LLC"}],"fact_type":"equity_issuance"},{"claim_id":"6e5e9d20dc77e2c407b0c0178ded3e8f7757cb3d","claim":"CitroTech Inc. issued 420,937 shares of its Series C Convertible Preferred Stock of preferred stock to accredited investors for aggregate purchase price of $6,314,062.","evidence_excerpt":"On September 30, 2025, General Enterprise Ventures, Inc. (the “Company”) entered into Securities Purchase Agreements (the “Securities Purchase Agreements”) with certain investors (the “Investors”) for the issuance and sale (the “PIPE Offering”) of (i) 420,937 shares of its Series C Convertible Preferred Stock par value $0.0001 per share for an aggregate purchase price of $6,314,062","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/0001640334-25-001784-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"420,937 shares of its Series C Convertible Preferred Stock"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"aggregate purchase price of $6,314,062"}],"fact_type":"equity_issuance"},{"claim_id":"e520a3d146ace73e0ba82a2336f7f12276d2807b","claim":"CitroTech Inc. issued warrants (the “PIPE Warrants”) to purchase up to 701,563 shares of Common Stock of warrant to accredited investors for offering price of $15.00 per share of Series C Preferred Stock and accompanying PIPE Warrant.","evidence_excerpt":"warrants (the “PIPE Warrants”) to purchase up to 701,563 shares of Common Stock at an offering price of $15.00 per share of Series C Preferred Stock and accompanying PIPE Warrant","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/0001640334-25-001784-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"warrants (the “PIPE Warrants”) to purchase up to 701,563 shares of Common Stock"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"offering price of $15.00 per share of Series C Preferred Stock and accompanying PIPE Warrant"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}