secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001477932-24-000772
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect issues $473,743 convertible note, enters forbearance with lender
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/0001477932-24-000772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793224000772/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000772

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