secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001477932-24-000038
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect acquires FeatherPay assets for $5.3M in cash and stock
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- iCoreConnect purchased healthcare billing and payment processing assets of Ally Commerce dba FeatherPay for $500K cash + $4.8M in Series A Preferred Stock (480K shares at $10/share).
- The acquisition closed on January 1, 2024, concurrent with signing.
- FeatherPay stockholders entered into Subscription Agreements for the preferred stock; conversion limited per Nasdaq rules.
- Acquired assets include accounts receivable, equipment, intellectual property, permits, and goodwill.
- Craig Haynor (FeatherPay principal) entered into an employment agreement with iCoreConnect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000038/0001477932-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000038/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000038

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