other material
confidence high
sentiment negative
materiality 0.85
CitroTech raises going-concern flag; expects USFS QPL listing in 2027; HexiTech JV on track
CitroTech Inc.
- Going concern: management cites substantial doubt per 10-Q filed Aug 10, 2026 (Q2).
- HexiTech 50/50 JV with Hexion: up to $6.0M committed; first revenues targeted early 2027.
- USFS QPL: products not listed; management expects ground-based qualification in 2027 fire season.
- San Diego pilot: zero encampment-fire reignitions; $1.5M CA grant, $200K for CitroTech products.
- Amendments: BoltRock and TC Special Investments trade board appointment for nomination rights.