---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000582"
form_type: "8-K"
ticker: null
cik: "0001906133"
company_name: "iCoreConnect Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:55:29.626237+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# iCoreConnect issues $55,000 in 12% convertible notes; maturity Feb 2025

## Summary
- Issued two convertible notes totaling $55,000 ($50k and $5k) on Feb 1, 2024.
- Notes mature Feb 1, 2025, bear 12% annual interest, convertible at 120% of issuance-date closing price.
- Sale is unregistered, relying on Section 4(a)(2) and Regulation D accredited investor exemption.
- Proceeds provide modest working capital; conversion could dilute equity if stock price rises.

## SEC filing metadata
- accession: 0001477932-24-000582
- form_type: 8-K
- cik: 0001906133
- company_name: iCoreConnect Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/0001477932-24-000582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/icct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000582
- JSON: https://secwatch.observer/filing/0001477932-24-000582.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000582.txt

## Key facts
- Debt Financings
  iCoreConnect Inc. incurred convertible notes of $5,000 at 12% per annum maturing February 1, 2025.
  - Instrument: convertible notes
  - Principal: $5,000
  - Rate: 12% per annum
  - Maturity: February 1, 2025
  - Event: incurrence
  source text: On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $5,000 in exchange for $5,000. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/0001477932-24-000582-index.htm
- Debt Financings
  iCoreConnect Inc. incurred convertible notes of $50,000 at 12% per annum maturing February 1, 2025.
  - Instrument: convertible notes
  - Principal: $50,000
  - Rate: 12% per annum
  - Maturity: February 1, 2025
  - Event: incurrence
  source text: On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $50,000 in exchange for $50,000. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/0001477932-24-000582-index.htm
- Material Agreements
  iCoreConnect Inc. entered into Securities Purchase Agreement and Convertible Note with Investor valued at $55,000 total principal amount of convertible notes ($50,000 and $5,000) (effective 2024-02-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Investor
  - Value: $55,000 total principal amount of convertible notes ($50,000 and $5,000)
  - Effective: 2024-02-01
  source text: On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $50,000 in exchange for $50,000. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum and is initially convertible into Company common stock at a conversion rate equal to 120% of the closing price of the Company’s common stock on the date of issuance. On February 1, 2024, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company issued the investor a convertible note in principal amount of $5,000 in exchange for $5,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/0001477932-24-000582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.