---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-008029"
form_type: "8-K"
ticker: null
cik: "0001906133"
company_name: "iCoreConnect Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:21:56.158902+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iCoreConnect raises ~$795K via three debt deals with 12% interest and warrants

## Summary
- Oct 26: $200K promissory note to former officer, matures Dec 31, 2023, 12% interest, warrant for 14K shares at $2.15.
- Oct 26: $94,685.91 convertible note to same officer, matures Oct 26, 2028, converts at $1.80/share, plus 6,629 inducement shares and warrant for 6,629 shares at $2.15.
- Oct 31: $500K convertible note to another investor, matures Oct 31, 2024, 12% interest, convertible at 120% of closing price.
- All securities issued in private placements under Section 4(a)(2) and Regulation D.

## SEC filing metadata
- accession: 0001477932-23-008029
- form_type: 8-K
- cik: 0001906133
- company_name: iCoreConnect Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/0001477932-23-008029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/icct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-008029
- JSON: https://secwatch.observer/filing/0001477932-23-008029.json
- Plain text: https://secwatch.observer/filing/0001477932-23-008029.txt

## Key facts
- Debt Financings
  iCoreConnect Inc. incurred convertible notes of $500,000 with an investor at 12% per annum maturing October 31, 2024.
  - Instrument: convertible notes
  - Principal: $500,000
  - Counterparty: an investor
  - Rate: 12% per annum
  - Maturity: October 31, 2024
  - Event: incurrence
  source text: the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible promissory note in principal amount of $500,000 (the “Additional Convertible Promissory Note”) in exchange for $500,000. The maturity of the Additional Convertible Promissory Note is October 31, 2024 and carries an interest
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/0001477932-23-008029-index.htm
- Debt Financings
  iCoreConnect Inc. incurred convertible notes of $94,685.91 with former officer of the Company at 12% per annum maturing October 26, 2028.
  - Instrument: convertible notes
  - Principal: $94,685.91
  - Counterparty: former officer of the Company
  - Rate: 12% per annum
  - Maturity: October 26, 2028
  - Event: incurrence
  source text: into an additional securities purchase agreement with the same investor, pursuant to which the Company issued the investor a convertible promissory note in principal amount of $94,685.91 (the “Convertible Promissory Note”) in exchange for $94,685.91. The maturity of the Convertible Promissory Note is October 26, 2028 and carries an interest rate of 12% per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/0001477932-23-008029-index.htm
- Debt Financings
  iCoreConnect Inc. incurred loan of $200,000 with former officer of the Company at 12% per annum maturing December 31, 2023.
  - Instrument: loan
  - Principal: $200,000
  - Counterparty: former officer of the Company
  - Rate: 12% per annum
  - Maturity: December 31, 2023
  - Event: incurrence
  source text: entered into a securities purchase agreement with a former officer of the Company, pursuant to which the Company issued the investor a promissory note in principal amount of $200,000 (the “Promissory Note”) in exchange for $200,000. The maturity of the Promissory Note is December 31, 2023 and carries an interest rate of 12% per annum. In conjunction with the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/0001477932-23-008029-index.htm

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