secwatch.observer — SEC 8-K summary
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Issuer:     iCoreConnect Inc. (—)
CIK:        0001906133
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001477932-25-002646
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iCoreConnect enters $2.18M revolving credit facility at 18% interest; appoints four new directors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906133/000147793225002646/0001477932-25-002646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906133/000147793225002646/icct_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-002646

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