secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001477932-23-009319
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect raises $640k via convertible notes with 12% interest and 120% conversion premium
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- Issued $500k convertible note to an existing investor on Dec 18, 2023, maturing Dec 18, 2024.
- Issued two $70k convertible notes to separate investors on Dec 19, 2023, maturing Dec 19, 2024.
- All notes carry 12% annual interest and initial conversion at 120% of closing price on issuance date.
- Notes sold as unregistered securities under Rule 506(b)/Section 4(a)(2) to accredited investors.
- Proceeds used for general corporate purposes; no material change in operations disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223009319/0001477932-23-009319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793223009319/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-009319

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