8-K
filed April 11, 2025, 7:59 PM ET
CIK 0001906133
debt
confidence high
sentiment neutral
materiality 0.60
iCoreConnect enters $2.18M revolving credit facility at 18% interest; appoints four new directors
iCoreConnect Inc.
- Revolving Loan Agreement with Bowery Consulting Group for up to $2,180,000, bearing 18% annual interest, due in one year.
- Event of default triggers 120% of outstanding principal and accrued interest.
- Company must use reasonable best efforts to complete a public offering of at least $5,000,000.
- Kevin McDermott resigned from board; Adam Chambers, Angel Liriano, David Piedra, and Joseph Tung appointed; Chambers is affiliated with lender.
- Commitment shares equal to 4.99% of outstanding common stock issued to lender at closing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Tung was appointed as member of the board of directors at iCoreConnect Inc..
- Action
- appointed
- Role
- member of the board of directors
Exact text from the filing
On April 10, 2025, Adam Chambers, Angel Liriano, David Piedra and Joseph Tung were appointed to the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Angel Liriano was appointed as member of the board of directors at iCoreConnect Inc..
- Action
- appointed
- Role
- member of the board of directors
Exact text from the filing
On April 10, 2025, Adam Chambers, Angel Liriano, David Piedra and Joseph Tung were appointed to the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Piedra was appointed as member of the board of directors at iCoreConnect Inc..
- Action
- appointed
- Role
- member of the board of directors
Exact text from the filing
On April 10, 2025, Adam Chambers, Angel Liriano, David Piedra and Joseph Tung were appointed to the Board of Directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin McDermott resigned as member of the board of directors at iCoreConnect Inc..
- Action
- resigned
- Role
- member of the board of directors
Exact text from the filing
On April 10, 2025, Kevin McDermott resigned from his position as member of the Company’s board of directors (“Board”) effective on such date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Chambers was appointed as member of the board of directors at iCoreConnect Inc..
- Action
- appointed
- Role
- member of the board of directors
Exact text from the filing
On April 10, 2025, Adam Chambers, Angel Liriano, David Piedra and Joseph Tung were appointed to the Board of Directors of the Company.
View on SEC.gov
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