secwatch.observer — SEC 8-K summary
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Issuer:     CitroTech Inc. (CITR)
CIK:        0000894556
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001683168-26-003093
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894556/000168316826003093/0001683168-26-003093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894556/000168316826003093/citro_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-003093

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