{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-24-000772","form_type":"8-K","ticker":null,"cik":"0001906133","company_name":"iCoreConnect Inc.","filed_at":"2024-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.287626+00:00","generated_at":"2026-06-06T00:26:37.546690+00:00","sec_items":["1.01","1.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"iCoreConnect issues $473,743 convertible note, enters forbearance with lender","bullets":["Issued 12% convertible note of $473,743 due June 1, 2024, converting at 100% of Dec 29 close, subject to shareholder approval.","Entered Forbearance Agreement with senior secured lender; agreed to $300,000 payment and default rate interest increase.","As part of forbearance, lender waived covenants and interest-only payments through July 2024; company must report weekly metrics.","Terminated Purchase Agreement with Arena Business Solutions, effective Feb 15, 2024, with no penalties."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-24-000772","json":"https://secwatch.observer/filing/0001477932-24-000772.json","markdown":"https://secwatch.observer/filing/0001477932-24-000772.md","text":"https://secwatch.observer/filing/0001477932-24-000772.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/icct_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T00:26:37.546690+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fcd3f90816f019148a761b180026a485c70e94a8","claim":"iCoreConnect Inc. incurred convertible notes of $473,743 with an investor at 12% per annum maturing June 1, 2024.","evidence_excerpt":"On February 9, 2024, the Company issued a convertible note entered into a securities purchase agreement with an investor with an effective date of December 29, 2023, pursuant to which the Company in principal amount of $473,743 in exchange for the conversion of a payable in the amount of $473,743.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$473,743"},{"label":"Counterparty","value":"an investor"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"June 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5bca13ec816959a08d0a2017be0f2c9d1edde46c","claim":"iCoreConnect Inc. entered into securities purchase agreement with an investor (effective 2023-12-29).","evidence_excerpt":"On February 9, 2024, the Company issued a convertible note entered into a securities purchase agreement with an investor with an effective date of December 29, 2023, pursuant to which the Company in principal amount of $473,743 in exchange for the conversion of a payable in the amount of $473,743.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"an investor"},{"label":"Effective","value":"2023-12-29"}],"fact_type":"material_agreement"},{"claim_id":"686de41865322d4cebd5529a83bfcbdf767271e3","claim":"iCoreConnect Inc. terminated Purchase Agreement with Arena Business Solutions Global SPC II, Ltd. on behalf of and for the account of Segregated Portfolio #8 – SPC #8 (\"Arena\") (effective 2024-02-14).","evidence_excerpt":"On February 14, 2024, the Company provided termination notification to Arena Business Solutions Global SPC II, Ltd. on behalf of and for the account of Segregated Portfolio #8 – SPC #8 (“Arena”) for the Purchase Agreement entered into by the parties on September 12, 2023 with an effective date of February 15, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Counterparty","value":"Arena Business Solutions Global SPC II, Ltd. on behalf of and for the account of Segregated Portfolio #8 – SPC #8 (\"Arena\")"},{"label":"Effective","value":"2024-02-14"}],"fact_type":"material_agreement"},{"claim_id":"7e3418bb5baf7fca387267710569e8e74e8bcf8d","claim":"iCoreConnect Inc. entered into Forbearance Agreement with its senior secured lender (effective 2024-02-12).","evidence_excerpt":"On February 12, 2024, the Company entered into a Forbearance Agreement with its senior secured lender whereby the Company agreed to make $300,000 payment to cure certain defaults under the original Loan Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"its senior secured lender"},{"label":"Effective","value":"2024-02-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}