iCoreConnect Inc.: debt financing — iCoreConnect amends prior 8-K; corrects note conversion to $1.85, warrant exercise to $2.04

iCoreConnect Inc.

Corrects conversion price of $350k promissory note from $2.01 to $1.85 per share.
Corrects exercise price of 5-year warrant for 24,500 shares from $2.21 to $2.04.
Note carries 12% interest, matures May 13, 2024; warrant issued to accredited investor.
Original October 13, 2023 debt issuance terms revised via this Form 8-K/A.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

iCoreConnect Inc. incurred loan of $350,000 with accredited investor at 12% per annum maturing May 13, 2024.

Instrument: loan
Principal: $350,000
Counterparty: accredited investor
Rate: 12% per annum
Maturity: May 13, 2024
Event: incurrence

Exact text from the filing

in exchange for $350,000. The maturity of the Promissory Note is May 13, 2024 and carries an interest rate of 12% per annum

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iCoreConnect Inc. entered into Promissory Note with an accredited investor valued at $350,000 (effective 2023-10-13).

Action: entry
Counterparty: an accredited investor
Value: $350,000
Effective: 2023-10-13

Exact text from the filing

entered into a promissory note with an issue date of October 13, 2023 (the “Promissory Note”) with an accredited investor in exchange for $350,000

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Source: SEC EDGAR

accession 0001477932-23-008039

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