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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.
Find detailed analytics on CRTG stock on TipRanks’ Stock Analysis page.