Major Investor & Director Increases Stake to 20% via Convertible Note Conversion and New Warrants

summarizeSummary

BoltRock Holdings LLC and Director Craig A. Huff increased their beneficial ownership in CitroTech Inc. to 20.0% through the conversion of a $2.222 million convertible note into common stock at $2.40 per share and the issuance of new warrants.

check_boxKey Events

• Beneficial Ownership Increased to 20.0%

  BoltRock Holdings LLC and Director Craig A. Huff now beneficially own 4,183,743 common shares, representing 20.0% of CitroTech Inc.'s outstanding common stock.

• Convertible Note Converted to Equity

  On April 28, 2026, 940,799 common shares were issued to BoltRock Holdings LLC upon the conversion of a $2.222 million convertible note at a conversion rate of $2.40 per share. This transaction was also reported in a concurrent Form 4 filing.

• New Warrant Grant

  On April 7, 2026, BoltRock Holdings LLC received a warrant to purchase 46,250 common shares at an exercise price of $3.00 per share, with a five-year term.

auto_awesomeAnalysis

This Schedule 13D/A filing provides an updated view of the significant ownership stake held by BoltRock Holdings LLC and Director Craig A. Huff. The conversion of a $2.222 million convertible note into common stock at $2.40 per share, significantly below the current market price, demonstrates strong confidence from a major insider. This transaction, which was also reported in a concurrent Form 4, increases their beneficial ownership to 20.0% of the company. The issuance of new warrants further solidifies their position and commitment to the company, following the recent joint venture announcement. This move strengthens the balance sheet by converting debt to equity and signals long-term alignment with shareholder interests.