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Coretec Group (CRTG) has provided an announcement.
On August 21, 2024, The Coretec Group Inc. successfully completed a major transaction, making Core Optics a wholly-owned subsidiary and reshaping its leadership team. The deal resulted in significant stock distributions, including 29 million common shares through a private placement, a $40,000 convertible promissory note to a director, and the issuance of common stock in settlement of existing notes and conversion of preferred stock. These strategic moves come alongside management changes, with new appointments including Dr. Seon Kee Kim as CEO and Chairman, bringing extensive experience in energy solutions and financial engineering, and other seasoned professionals to guide the company forward.
For an in-depth examination of CRTG stock, go to TipRanks’ Stock Analysis page.