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An announcement from Coretec Group Inc. (CRTG) is now available.
The Coretec Group Inc. has agreed to a significant share exchange with Core Optics, LLC, where Core Optics will become a wholly-owned subsidiary of Coretec. This deal involves Coretec issuing both Series C Convertible Preferred Stock and a substantial number of common stock shares, resulting in the Member owning approximately 80% of Coretec’s common stock post-transaction. The preferred stock carries voting rights and is convertible to common stock but does not mandate dividends or redemption by the company. Finalizing the exchange is subject to several conditions, including accreditation confirmation and various agreements from both parties.
See more data about CRTG stock on TipRanks’ Stock Analysis page.