---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003977"
form_type: "8-K"
ticker: null
cik: "0001408057"
company_name: "iCoreConnect Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:20:25.820218+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# iCoreConnect to restate 2021/2022 financials due to warrant accounting errors; prior financials no longer reliable

## Summary
- Restatement covers audited FY2021 and FY2022 annual reports and Q3 2021, Q1-Q3 2022 quarterly reports.
- Improper accounting for warrants with down round provisions; non-cash charge required for incremental fair value of additional shares.
- Material weakness in internal controls over complex financial instruments identified; governance deficiencies cited.
- On May 23, 2023, company entered into agreements with warrant holders to eliminate down round provisions; modifications to be reflected.

## SEC filing metadata
- accession: 0001477932-23-003977
- form_type: 8-K
- cik: 0001408057
- company_name: iCoreConnect Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408057/000147793223003977/0001477932-23-003977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408057/000147793223003977/icct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003977
- JSON: https://secwatch.observer/filing/0001477932-23-003977.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003977.txt

## Key facts
- Auditor Changes
  iCoreConnect Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: Considering such restatements, the Company concluded that the financial statements included in the Impacted Filings should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1408057/000147793223003977/0001477932-23-003977-index.htm

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