secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001477932-24-000068
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect issues $2M subordinated note, amends convertible notes for NASDAQ approval
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- Issued $2,000,000 subordinated note to PIGI Solutions to settle accounts payable; 15% interest, maturity Dec 31, 2024.
- Amended convertible notes (Oct 2023) and warrants to require shareholder approval per NASDAQ Rule 5635(d).
- Issued $100,000 convertible note to an existing investor; 12% interest, convertible at 120% of closing price, matures Dec 28, 2024.
- Subordinated note is secured by company assets but junior to senior lender Element.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000068/0001477932-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000068/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000068

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