4//SEC Filing
McDermott Robert P 4
Accession 0001477932-23-007304
CIK 0001906133other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 9:06 PM ET
Size
8.5 KB
Accession
0001477932-23-007304
Insider Transaction Report
Form 4
McDermott Robert P
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Series A Preferred Stock
2023-09-14+4,673→ 4,673 total→ Common Stock - Purchase
Series A Preferred Stock
2023-09-14$10.00/sh+5,000$50,000→ 10,000 total→ Common Stock
Footnotes (3)
- [F1]Each share of Series A Preferred Stock is convertible, at the option of the holder thereof, at any time, and without the payment of additional consideration by the holder thereof, into shares of Common Stock.
- [F2]Each share of Series A Preferred Stock is convertible into shares of Common Stock as is determined by dividing the Original Issue Price of $10.00 by the Conversion Price in effect at the time of conversion. The amount set forth in the table is based on an assumed Conversion Price of $10.00 per share, which is the current Conversion Price. The Conversion Price will be reset to the lesser of $10.00 or 20% above the simple average of the volume weighted average price on the 20 trading days following 12 months after August 25, 2023; provided further that such Conversion Price shall be no greater than $10.00 and no less than $2.00 (such amounts subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization).
- [F3]Acquired in a private transaction for no cash consideration.
Documents
Issuer
iCoreConnect Inc.
CIK 0001906133
Entity typeother
Related Parties
1- filerCIK 0001604179
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 9:06 PM ET
- Size
- 8.5 KB