other material
confidence medium
sentiment neutral
materiality 0.50
GEVI amends PIPE offering terms, corrects warrant prices to $6.00 and $5.40; signs CEO employment agreement
CitroTech Inc.
- Corrected PIPE Warrant exercise price to $6.00 per share; Placement Agent Warrant to $5.40 (120% of conversion price).
- PIPE offering of 420,937 Series C Preferred shares at $15/unit, convertible at 3.3333 common per share, raising $6.3M.
- PIPE Warrants to purchase up to 701,563 common shares, exercisable immediately for 5 years at $6.00.
- Placement agent Univest Securities receives 8% cash fee, 1% expense allowance, $350K legal, plus warrants at $5.40.
- Employment agreement with CEO Wesley J. Bolsen effective October 1, 2025, filed as Exhibit 10.4.