Coretec Group Inc (CRTG)

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I believe the article in the link below offers insight into what motivated CRTG leadership to pursue the Private Placement.

https://www.investopedia.com/ask/answers/052815/how-does-private-placement-affect-share-price.asp#motivation-for-private-placement

Motivation for Private Placement

The dilution of shares commonly leads to a corresponding decline in share price—at least in the near-term. The effect of a private placement offering on share price is similar to the effect of a company doing a stock split.

The long-term effect on share price is much less certain and depends on how effectively the company employs the additional capital raised from the private placement. An important factor in determining the long-term share price is the company's reason for the private placement. If the company was on the verge of insolvency and did the private placement as a means of avoiding bankruptcy, it would not bode well for the company's shareholders.

However, if the motivation for the private placement was a circumstance in which the company saw an outstanding opportunity for rapid growth that simply required additional financing, then the eventual extra profits realized from the company's expansion may push its stock price substantially higher.

Another possible motivation for doing a private placement could be that the company cannot attract large numbers of institutional or retail investors. This might be the case if the company's market sector is currently considered unattractive, or there are only a few analysts covering the company.