{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-23-007570","form_type":"8-K","ticker":null,"cik":"0001906133","company_name":"iCoreConnect Inc.","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.369002+00:00","generated_at":"2026-06-10T01:49:43.609509+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"iCoreConnect replaces $1.2M cash in dental billing asset deal with 12% promissory note due Oct 31","bullets":["Amends Sept 1 asset purchase agreement for Preferred Dental Development: $1.2M cash swapped for promissory note at 12% interest, due Oct 31, 2023.","Original consideration also included $400k in stock (40,000 shares at $10/share); stock portion unchanged.","Note accrues interest from Sept 1, 2023; payments apply first to interest, then principal.","Events of default include non-payment and bankruptcy; 60-day cure period then holder may accelerate and recover costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-23-007570","json":"https://secwatch.observer/filing/0001477932-23-007570.json","markdown":"https://secwatch.observer/filing/0001477932-23-007570.md","text":"https://secwatch.observer/filing/0001477932-23-007570.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/0001477932-23-007570-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/icct_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:49:43.609509+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ca2cd1babfbd506568cd5edef8e592b11b47138a","claim":"iCoreConnect Inc. incurred loan of $1.2 million with Preferred Dental Development, LLC at 12% per annum maturing October 31, 2023.","evidence_excerpt":"the Company would deliver to the Seller a promissory note and the amount of $1.2 million bearing an interest rate of 12% per annum payable on October 31, 2023","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/0001477932-23-007570-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1.2 million"},{"label":"Counterparty","value":"Preferred Dental Development, LLC"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"October 31, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3cb530400d86073778e84461990de25ebec929a6","claim":"iCoreConnect Inc. completed an acquisition involving Preferred Dental Development, LLC for $1,200,000 in cash and $400,000 worth of shares of Company common stock at $10.00 per share (closed 2023-10-05).","evidence_excerpt":"On October 5, 2023, the Company and Seller entered into an amendment to the Agreement pursuant to which the parties agreed that in satisfaction of the payment of the cash consideration set forth above, the Company would deliver to the Seller a promissory note and the amount of $1.2 million bearing an interest rate of 12% per annum payable on October 31, 2023.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/0001477932-23-007570-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Preferred Dental Development, LLC"},{"label":"Consideration","value":"$1,200,000 in cash and $400,000 worth of shares of Company common stock at $10.00 per share"},{"label":"Closing","value":"2023-10-05"}],"fact_type":"ma_transaction"},{"claim_id":"56f917fa52eeb0d1df4d240d0f159977ab104e41","claim":"iCoreConnect Inc. amended Asset Purchase Agreement with Preferred Dental Development, LLC valued at $1.2 million bearing an interest rate of 12% per annum (effective 2023-10-05).","evidence_excerpt":"On October 5, 2023, the Company and Seller entered into an amendment to the Agreement pursuant to which the parties agreed that in satisfaction of the payment of the cash consideration set forth above, the Company would deliver to the Seller a promissory note and the amount of $1.2 million bearing an interest rate of 12% per annum payable on October 31, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/0001477932-23-007570-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Preferred Dental Development, LLC"},{"label":"Value","value":"$1.2 million bearing an interest rate of 12% per annum"},{"label":"Effective","value":"2023-10-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}