secwatch.observer — SEC 8-K summary
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Issuer:     CitroTech Inc. (CITR)
CIK:        0000894556
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0001640334-25-001784
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEVI raises $6.3M in PIPE, replaces CEO with Wesley Bolsen
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/0001640334-25-001784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894556/000164033425001784/gevi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-25-001784

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer