secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001477932-23-006571
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.06, 3.03, 9.01, 5.01, 5.02, 5.03, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

FG Merger Corp. completes $98M business combination with iCoreConnect, now trading as ICCT
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- Pre-transaction equity value of $98M for Old iCore stockholders; combined company renamed iCoreConnect Inc.
- Approximately 6.46M FGMC shares redeemed at ~$10.69 per share, totaling ~$69.1M in trust withdrawals.
- Post-combination: 8.1M shares common stock, 3.78M shares Series A preferred (12% dividend), and 10.12M warrants.
- Common stock to trade on NASDAQ under ICCT beginning August 28, 2023; preferred and warrants not listed.
- 180-day lock-up agreements for initial stockholders and former Old iCore equity holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223006571/0001477932-23-006571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223006571/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-006571

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