ANN ARBOR, MI / ACCESSWIRE / March 2, 2021 / The Coretec Group, Inc. (OTCQB:CRTG), 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 that it has entered into a securities purchase agreement with a single institutional investor to purchase in a private placement offering 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 a $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.
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