Form 4: Coretec Group CFO Reports Acquisition of Shares Following Core Optics Acquisition

Ho Seok Kim, CFO of Coretec Group, reports acquisition of shares and convertible preferred stock following the closing of the Core Optics acquisition.

Summary

• On August 21, 2024, Coretec Group closed the acquisition of Core Optics, LLC, as per the Share Exchange Agreement.
• As part of the transaction, Coretec Group issued 10,000,000 shares of Series C Convertible Preferred Stock and 713,694,244 common shares.
• Ho Seok Kim, the CFO of Coretec Group and Managing Director of Core SS LLC, reported the acquisition of these securities.
• The Series C Convertible Preferred Stock is convertible into 230 shares of Common Stock per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a previously announced acquisition, which is generally viewed favorably. The filing itself is a routine disclosure.

Positives

• The acquisition of Core Optics has been completed.

Stakeholder Impact

• Shareholders may be impacted by the issuance of new shares.
• The acquisition could impact employees of both Coretec Group and Core Optics.

Key Dates

Keywords

Coretec Group, Core Optics, acquisition, Series C Convertible Preferred Stock, common stock, Ho Seok Kim, CFO, Core SS LLC, Share Exchange Agreement