iCoreConnect Inc.: going-concern / distress — iCoreConnect files Chapter 11 bankruptcy with $10M in note payables in default

iCoreConnect Inc.

Filed voluntary Chapter 11 petitions on June 2, 2025 in Middle District of Florida; cases 6:25-bk-03390 and 6:25-bk-03391.
Outstanding note payables of $10,026,552 are in default; collection efforts stayed under Section 362(a).
PIGI Solutions, LLC previously noticed an asset auction; iCoreConnect asserts automatic stay applies.
Company plans first-day motions to maintain operations, including cash collateral and wage payment requests.

item 1.03 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

iCoreConnect Inc. reported a default on debt of $10,026,552.

Principal: $10,026,552
Event: default

Exact text from the filing

As of the Petition Date, iCoreConnect had outstanding note payables totaling $10,026,552, which were in default, inter alia, due to the Chapter 11 filing.

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Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

iCoreConnect Inc. entered chapter 11 in United States Bankruptcy Court for the Middle District of Florida, Orlando Division (petition 2025-06-02).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Middle District of Florida, Orlando Division
Petition: 2025-06-02

Exact text from the filing

On June 2, 2025 (the "Petition Date"), iCoreConnect Inc. ("iCoreConnect") and its wholly owned subsidiary, iCore Midco Inc. ("iCore Midco" and together with iCoreConnect, collectively, the "Companies"), each filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Orlando Division (the "Bankruptcy Court"). These cases are designated as Case Nos. 6:25-bk-03390-GER and 6:25-bk-033991-GER (collectively, the "Bankruptcy Cases").

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Source: SEC EDGAR

accession 0001477932-25-004389

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