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The latest announcement is out from Coretec Group ( (CRTG) ).
The Coretec Group, Inc. entered a Subscription Agreement with an accredited investor to sell 73,000 Series D Convertible Preferred Shares, convertible into 486,666,666 common shares, for $7.3 million. The agreement includes a conversion cap and exchange options for shares of third-party companies. Additionally, new executive appointments were made, including Elbert Michael Ussery as CEO, and options to purchase common stock were granted to directors. Changes to corporate governance were also implemented, with a new Certificate of Designation for Series D Stock filed.
See more data about CRTG stock on TipRanks’ Stock Analysis page.
