secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001477932-23-008029
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/0001477932-23-008029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223008029/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-008029

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