CitroTech forms 50/50 joint venture with Hexion to commercialize fire-retardant IP

CitroTech Inc.

HexiTech LLC formed April 17, 2026; CitroTech contributes fire-retardant IP license; Hexion contributes manufacturing assets.
Hexion provides CitroTech up to $6M advance for capital contributions, with 18-month repayment terms and distribution priority.
Distributions: Hexion receives 85% until commercialization targets met; thereafter pro rata.
If CitroTech exits, license continues with royalty in high-teens to low-twenties percentage range.
Fundamental actions require consent of both members' designees; deadlock provisions included.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CitroTech Inc. entered into LLC Agreement with Hexion Inc. (effective 2026-04-17).

Action: entry
Agreement: collaboration
Counterparty: Hexion Inc.
Effective: 2026-04-17

Exact text from the filing

On April 17, 2026, the Company and Hexion entered into a limited liability company agreement governing HexiTech (the “LLC Agreement”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CitroTech Inc. entered into IP License Agreement with HexiTech and Mighty Fire Breaker, LLC (effective 2026-04-17).

Action: entry
Agreement: license
Counterparty: HexiTech and Mighty Fire Breaker, LLC
Effective: 2026-04-17

Exact text from the filing

On April 17, 2026, the Company entered into an Intellectual Property License Agreement (the “IP License Agreement”) with HexiTech and Mighty Fire Breaker, LLC

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CitroTech Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-003093

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