---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045872"
form_type: "8-K"
ticker: null
cik: "0001375195"
company_name: "CORETEC GROUP INC."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:21:30.778156+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coretec Group raises $7.3M in Series D financing; appoints new CEO and directors

## Summary
- Issued 73,000 Series D preferred shares at $100 each, raising $7.3M; convertible into common at $0.015/share.
- CEO Seon Kee Kim resigned effective Nov 6, remains co-chairman; former U.S. Ambassador Elbert Ussery named CEO.
- Board expanded: appointed directors Robert McCollar and Birge Watkins; Jung Min Lee named COO.
- Directors granted options to purchase 3.3M shares at $0.015, vesting quarterly over one year.
- Company acknowledges insufficient authorized shares for conversion; offering open until March 31, 2025, up to 150,000 shares total.

## SEC filing metadata
- accession: 0001493152-24-045872
- form_type: 8-K
- cik: 0001375195
- company_name: CORETEC GROUP INC.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045872
- JSON: https://secwatch.observer/filing/0001493152-24-045872.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045872.txt

## Key facts
- Executive change
  Robert Wallace McCollar was appointed as Director at CORETEC GROUP INC..
  - Action: appointed
  - Role: Director
  source text: Robert Wallace McCollar, age 61, will assume the role of Director on the Board, effective November 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- Executive change
  Elbert Michael Ussery was appointed as Chief Executive Officer at CORETEC GROUP INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Elbert Michael Ussery, age 73, will serve as the Chief Executive Officer and Co-Chairman of the Board, effective November 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- Executive change
  Birge Watkins was appointed as Director at CORETEC GROUP INC..
  - Action: appointed
  - Role: Director
  source text: Birge Watkins, age 75, will assume the role of Director on the Board, effective November 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- Executive change
  Seon Kee Kim resigned as Chief Executive Officer at CORETEC GROUP INC..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Effective November 6, 2024 Dr. Seon Kee Kim resigned as the Chief Executive Officer of the Company, but remains on the board of directors as its co-chairman and as a director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- Executive change
  Jung Min Lee was appointed as Chief Operating Officer at CORETEC GROUP INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Jung Min Lee, age 52, will serve as Chief Operating Officer at the Coretec Group, Inc, effective November 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
- Governance Changes
  CORETEC GROUP INC.: Filing of Certificate of Designation authorizing Series D Convertible Preferred Stock, amending the articles of incorporation (effective 2024-11-06).
  - Change: charter amendment
  - Effective: 2024-11-06
  source text: On November 6, 2024, the Company filed a Certificate of Designation, authorizing and designating 150,000 shares of the Company’s Series D Convertible Preferred Stock, par value $0.0002 per share (the “Series D Stock”), with the Oklahoma Secretary of State.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.