secwatch.observer — SEC 8-K summary
======================================

Issuer:     CORETEC GROUP INC. (—)
CIK:        0001375195
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001493152-24-045872
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/0001493152-24-045872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375195/000149315224045872/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045872

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer