Coretec Group Inc (CRTG)

[Testpilot]

Meta AI response:

Yes, "fully diluted" in this context likely includes preferred stock.

"Fully diluted" refers to the total number of shares outstanding, assuming all convertible securities, such as preferred stock, options, and warrants, are exercised and converted into common stock. This provides a complete picture of the company's ownership structure and potential dilution of ownership interests.

In this passage, "on a fully diluted basis" means that the 80% ownership stake of the combined company includes all outstanding common stock, preferred stock, and any other convertible securities that could potentially dilute the ownership percentage.

By including preferred stock in the calculation, the parties are considering the potential impact of convertible preferred shares on the ownership structure, ensuring a comprehensive understanding of the combined company's ownership dynamics.