The Coretec Group, Inc. Announces Closing of $6.0 Million Private Placement Offering

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Mar 05, 2021
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ANN ARBOR, MI / ACCESSWIRE / March 5, 2021 / The Coretec Group, Inc., (OTCQB:CRTG) (the "Company"), a company developing a portfolio of silicon-based products in energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs) and semiconductors, today announced the closing of its previously announced private placement offering of 75,000,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 82,500,000 shares of common stock, at a combined purchase price of $0.08 per share and associated warrant. The warrants have an exercise price of $0.08 per share, will be immediately exercisable, and will expire five and one-half years from the issue date.