Coretec Group Inc (CRTG)

[iamthe walrus]

It says an " Investor exercises ....pre- funded warrants below . Armistice is considered an Institutional investor so maybe this was the Carlton James Group ,the DAF fund , Alpha fund that has pre funded warrants can excercise they can sell. Not sure also we see a consultant just got 1 million plus shares . Someone dumping shares fast but as rthe price goes lower they get less money and their stock is cheaper to buy . Not sure the reason for bailing out but its happening . I will go back and look at Carlton James agreement and see how many pre funded shares they had . Armistice had 51 million at an excercise price of .0001
Note 8 – Subsequent Events

On May 8, 2023, the Company issued 1,098,788 common shares to a consultant of the Company to satisfy consulting fees of $12,087. The shares were issued from the 2018 Equity Incentive Plan under the effective board consent detailed in Note 6 of the unaudited consolidated condensed financial statements.

On May 9, 2023 an investor provided notice of cash exercise for pre-funded warrants with a price per share of $0.0001. The warrant exercise results in an issuance of 12,500,000 common shares for cash consideration of $1,250.

On May 12, 2023, the Company countersigned a second letter of variation (the Second Variation) to the credit agreement entered into, on October 4, 2019, with DAF. Pursuant to the Second Variation, the Lender agreed to extend the repayment days for each advance made by Lender under the credit agreement by an additional four months. The first principal payment will be due on July 15, 2024 with all other terms and conditions of the credit facility remaining unchanged.