Coretec Group (CRTG) just unveiled an update.
The Coretec Group Inc. has engaged in significant financial transactions, including a private placement with an institutional investor involving the sale of common stock shares and warrants, leading to $6 million in gross proceeds. The company repurchased all outstanding warrants from the investor for $500,000 and may pay an additional $250,000 upon successful completion of a reported transaction. Moreover, a convertible promissory note was issued to a company director for $250,000, with an 8% annual interest rate and a conversion provision dependent on the same transaction’s success. These moves are poised to reshape the company’s financial landscape and are critical for investors to monitor.
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