BoltRock Holdings LLC Increases Stake in CitroTech Inc. to 20% via Debt Conversion
On April 30, 2026, BoltRock Holdings LLC and Craig A. Huff filed Amendment No. 2 to their Schedule 13D regarding CitroTech Inc. (GEVI). The filing reports a significant increase in beneficial ownership to 4,183,743 shares, representing 20.0% of the company. This increase primarily resulted from the conversion of a Convertible Note on April 28, 2026. BoltRock converted $2,222,000 in principal plus accrued interest at a rate of $2.40 per share, resulting in the issuance of 940,799 common shares. Additionally, on April 7, 2026, BoltRock received a warrant to purchase 46,250 shares at $3.00 per share in connection with a maturity date extension. The total holdings include 3,357,467 direct common shares, 318,914 shares from Series C convertible stock, and 507,362 shares from warrants. Craig A. Huff, who manages BoltRock, was previously appointed to the Issuer's board of directors in October 2025. The Reporting Persons maintain shared voting and dispositive power over the disclosed securities.