---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000941"
form_type: "8-K"
ticker: null
cik: "0001906133"
company_name: "iCoreConnect Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:41:32.509497+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iCoreConnect raises up to $2.375M via convertible notes; first tranche $1.375M at 10% OID

## Summary
- Initial closing of $1,375,000 principal notes yields $1,250,000 gross proceeds (10% OID).
- Notes convertible at $1.848/share; conversion price subject to weighted-average anti-dilution.
- Company issued 85,174 commitment shares to investors at initial closing.
- Second tranche of up to $1,100,000 principal available subject to registration and shareholder approval.
- Notes mature 12 months; monthly amortization payments begin at six months; default rate 16%.

## SEC filing metadata
- accession: 0001477932-24-000941
- form_type: 8-K
- cik: 0001906133
- company_name: iCoreConnect Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000941/0001477932-24-000941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000941/icct_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000941
- JSON: https://secwatch.observer/filing/0001477932-24-000941.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000941.txt

## Key facts
- Debt Financings
  iCoreConnect Inc. incurred convertible notes of up to $2,375,000 with certain institutional investors at original issue discount of 10.0% per annum, and will not accrue additional inter maturing 12 months from their respective issuance date.
  - Instrument: convertible notes
  - Principal: up to $2,375,000
  - Counterparty: certain institutional investors
  - Rate: original issue discount of 10.0% per annum, and will not accrue additional inter
  - Maturity: 12 months from their respective issuance date
  - Event: incurrence
  source text: On February 26, 2024, iCoreConnect, Inc. (the “Company”) executed a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”). Pursuant to the terms and conditions of the Purchase Agreement, the Investors agreed to purchase from the Company unsecured convertible notes in the aggregate principal amount of up to $2,375,000 (the “Notes”) (the “Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000941/0001477932-24-000941-index.htm
- Material Agreements
  iCoreConnect Inc. entered into Registration Rights Agreement with certain institutional investors valued at grants the Investors certain customary registration rights in connection with the Financing with res (effective 2024-02-26).
  - Action: entry
  - Counterparty: certain institutional investors
  - Value: grants the Investors certain customary registration rights in connection with the Financing with res
  - Effective: 2024-02-26
  source text: On February 26, 2024, the parties entered into a registration rights agreement (the “Registration Rights Agreement”), which grants the Investors certain customary registration rights in connection with the Financing with respect to the shares of common stock underlying the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000941/0001477932-24-000941-index.htm
- Material Agreements
  iCoreConnect Inc. entered into Securities Purchase Agreement with certain institutional investors valued at unsecured convertible notes in the aggregate principal amount of up to $2,375,000 (effective 2024-02-26).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain institutional investors
  - Value: unsecured convertible notes in the aggregate principal amount of up to $2,375,000
  - Effective: 2024-02-26
  source text: On February 26, 2024, iCoreConnect, Inc. (the “Company”) executed a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”). Pursuant to the terms and conditions of the Purchase Agreement, the Investors agreed to purchase from the Company unsecured convertible notes in the aggregate principal amount of up to $2,375,000 (the “Notes”) (the “Financing”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1906133/000147793224000941/0001477932-24-000941-index.htm

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