secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001477932-23-007570
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect replaces $1.2M cash in dental billing asset deal with 12% promissory note due Oct 31
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/0001477932-23-007570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223007570/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-007570

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