secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001477932-24-000582
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/0001477932-24-000582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000582/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000582

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