Coretec Group Inc (CRTG)

[Testpilot]

Response from Meta AI:

“Yes, the press release indicates that closing the transaction is imminent. The Coretec Group has resolved key closing conditions, including:

1. Repurchasing outstanding warrants held by Armistice Capital.
2. Converting outstanding Series A Preferred Stock to shares, eliminating the preferred stock entirely.

Additionally, Core Optics is completing audit requirements and has seen rapid revenue growth and an increasing backlog of orders from the automotive market. The CEO's statement suggests that the transaction is nearing completion and will benefit both companies and their investors.

The language used, such as "major step in the process toward closing" and "sets the foundation for the combined company to excel forward," implies that the transaction is close to being finalized. However, it's important to note that the press release does not provide a specific closing date or guarantee that the transaction will be completed.”