iCoreConnect Inc.

Overview

• IndustryServices-Prepackaged Software¹
• HeadquartersOcoee, Florida¹
• Incorporated inDE²
• Business address529 E. Crown Point Road, Suite 250, Ocoee, Fl 34761²
• Filer category, Emerging growth company²

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On January 5, 2023, the Company entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”), by and among the Company, iCoreConnect, Inc.., a Nevada corporation (“Old iCore”), and FG Merger Sub Inc., a Nevada corporation and a direct, wholly-owned subsidiary of the Company (“Merger Sub”). The Merger Agreement provided that, among other things, at the closing (the “Closing”) of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into Old iCore (the “Merger”), with Old iCore surviving as a wholly-owned subsidiary of the Company. In connection with the Merger, the Company changed its name from FG Merger Corp. to “iCoreConnect Inc.” The Merger and the other transactions contemplated by the Merger Agreement are hereinafter referred to as the “Business Combination.” On August 25, 2023, Old iCore and FGMC consummated the Business Combina…³ From its latest annual report

Corporate structure

iCoreConnect Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What iCoreConnect Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Properties, in its own words

The Company operates from a 7,650 square foot headquarters located in Ocoee, Florida which has been leased on a six year and one month lease beginning January 2022, with an optional five-year renewal term. In April 2023, the Company entered into a lease agreement with its existing landlord of its Florida location for a lease of an additional 2,295 square feet of space beginning at the earlier of June 1, 2023 or completion of build out for a five year term. This additional lease space was terminated by mutual agreement and returned to the landlord in April 2025.

Item 2 of the 10-K filed May 30, 2025.³

Leadership

Who has led iCoreConnect Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerRobert P. McDermott Sep 12, 2023 to now⁹
• Chief executive officerMarvin Wesley Schrader Mar 3, 2022 to Mar 3, 2022¹⁰
• ChairRobert P. McDermott Sep 12, 2023 to Sep 12, 2023⁹
• PresidentRobert P. McDermott Sep 12, 2023 to Sep 12, 2023⁹
• Chief financial officerMark Penway Feb 21, 2023 to Feb 21, 2023¹¹
• Chief financial officerArchit Shah Sep 12, 2023 to now¹²
• Chief financial officerEmily Torres Feb 25, 2022 to Feb 25, 2022¹³
• Chief operating officerDavid A. Fidanza Oct 2, 2023 to now¹⁴

Former names

• FG Merger Corp.Jan 21, 2022 to Aug 31, 2023²

Timeline

1. Jun 3, 20258-K Change of auditor²⁹
2. Jun 3, 20258-K Bankruptcy or receivership; New debt or obligation³⁰
3. May 30, 20258-K Earlier financial statements no longer reliable³¹
4. May 22, 20258-K Listing notice or transfer³²
5. May 12, 20258-K Entered a material agreement³³
6. Apr 25, 20258-K Listing notice or transfer; Other events³⁴
7. Apr 21, 20258-K Listing notice or transfer; Other events³⁵
8. Apr 11, 20258-K Entered a material agreement; Executive or director change³⁶
9. Apr 7, 20258-K Listing notice or transfer³⁷
10. Mar 26, 20258-K Other events³⁸
11. Mar 7, 20258-K Listing notice or transfer; Executive or director change³⁹
12. Mar 4, 20258-K Other events⁴⁰
13. Sep 12, 2023New chief executive Robert P. McDermott becomes CEO⁹
14. Mar 3, 2022New chief executive Marvin Wesley Schrader becomes CEO¹⁰

Calendar

When it reported results

1. Aug 16, 2024Reported quarterly or annual results⁴¹
2. May 17, 2024Reported quarterly or annual results⁴²
3. Nov 20, 2023Reported quarterly or annual results⁴³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

245 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 65 major events, 60 insider forms, 20 large holders, 87 other. The latest 20:

1. Jun 3, 20258-K EDGAR
2. Jun 3, 20258-K EDGAR
3. May 30, 202510-K EDGAR
4. May 30, 20258-K EDGAR
5. May 22, 20258-K EDGAR
6. May 15, 2025NT 10-Q EDGAR
7. May 13, 20253 EDGAR
8. May 12, 2025SCHEDULE 13G/A EDGAR
9. May 12, 20258-K EDGAR
10. May 9, 20253 EDGAR
11. May 9, 20253 EDGAR
12. May 9, 20253 EDGAR
13. Apr 30, 20254 EDGAR
14. Apr 28, 20254 EDGAR
15. Apr 28, 20253 EDGAR
16. Apr 25, 20258-K EDGAR
17. Apr 23, 20254 EDGAR
18. Apr 23, 20254 EDGAR
19. Apr 23, 20254 EDGAR
20. Apr 23, 20254 EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 9 buys and 11 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• PERISCOPE CAPITAL INC.SCHEDULE 13G/A, 6 filings Feb 9, 2024 to May 12, 2025⁴⁴
• FG Communities Holdings Inc.SC 13G/A, 2 filings Oct 21, 2024 to Dec 12, 2024⁴⁵
• CVI Investments, Inc.SC 13G/A, 2 filings Mar 7, 2022 to Feb 14, 2024⁴⁶
• Radcliffe Capital Management, L.P.SC 13G/A, 2 filings Feb 25, 2022 to Feb 14, 2024⁴⁷
• Linden Capital L.P.SC 13G/A, 2 filings Mar 9, 2022 to Feb 7, 2024⁴⁸
• Hudson Bay Capital Management LPSC 13G/A, 2 filings Feb 8, 2023 to Feb 5, 2024⁴⁹
• Space Summit Capital LLCSC 13G/A, 3 filings Mar 7, 2022 to Feb 5, 2024⁵⁰
• FG Merger Investors LLCSC 13G, 1 filing Feb 14, 2023⁵¹

SEC filer profile

How iCoreConnect Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARiCoreConnect Inc.¹
• CIK0001906133
• Employer ID (EIN)86-2462502³
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company³
• Incorporated inDelaware³
• Fiscal year endsDecember 31¹
• Industry code (SIC)7372 Services-Prepackaged Software¹
• SEC reviewing officeOffice of Technology, Division of Corporation Finance¹
• Business address529 E. Crown Point Road, Suite 250, Ocoee, FL 34761¹
• Phone888-810-7706¹
• Shares outstanding4,877,080 shares as of May 29, 2025³
• Public float$85.2M as of Jun 30, 2024³
• AuditorMarcum LLP, New York, PCAOB ID 688; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceJan 21, 2022¹
• Filings247 in all: 8-K (63), 4 (35), 3 (25), 425 (17), CORRESP (14), SC 13G/A (10), 10-Q (9), UPLOAD (9)¹
  All 32 form types

  SC 13G (8), 424B3 (7), EFFECT (7), S-1/A (6), S-1 (5), NT 10-Q (4), 10-K (3), S-4/A (3), 8-K/A (2), DEF 14A (2), NT 10-K (2), PRE 14A (2), S-8 (2), SCHEDULE 13G/A (2), 10-K/A (1), 25-NSE (1), 25-NSE/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), ARS (1), CERT (1), POS AM (1), S-4 (1)

• Latest filingsAnnual report (10-K) May 30, 2025
  Quarterly report (10-Q) Nov 19, 2024
  Proxy statement (DEF 14A) Sep 5, 2024
  Latest 8-K (8-K) Jun 3, 2025

Securities registered for trading

From the cover page of the 10-K filed May 30, 2025 (Section 12(b) of the Exchange Act).³

Risk factors and legal proceedings

The risks iCoreConnect Inc. names in Item 1A of its 10-K filed May 30, 2025: 29 risks under these headings, as written.³

• Risks Related to Our Business
• Our business is difficult to evaluate because we have a limited operating history.
• Our board of directors recently concluded that we needed to restate previously issued financial statements as a result of a change in accounting for debt with embedded derivatives.
• One of our secured creditors has commenced an auction of substantially all of our assets in order to satisfy a debt obligation and we if are unable to satisfy the obligations subject to the auction and prevent the auction for being completed, our business will be irreparably harmed.
• Under the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), we could face potential liability related to the privacy of health information we obtain.
• Our ability to deliver our software is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
• Our business may not succeed if we are unable to keep pace with rapid technological changes.
• The establishment of our brand is important to our future success.
• Our business could suffer if we are unable to protect our intellectual property rights or are liable for infringing the intellectual property rights of others.
• Our success will be limited if we are unable to attract, retain and motivate highly skilled personnel.
• Any system failure or slowdown could significantly harm our reputation and damage our business.
• We compete in a highly competitive market and many of our competitors have greater financial resources and established relationships with major corporate customers.

Legal proceedings

On February 21, 2023, the Company received a notice under section 21 of Indian Arbitration and Conciliation Act, 1996 related to a dispute pursuant to a contract between the Company and a service provider, pursuant to which the service provider has asserted the Company has violated the terms of the contract and has claimed damages of approximately $635,000. The Company is evaluating the claims asserted against it and intends to defend itself vigorously in these proceedings; however, there can be no assurances that it will be successful in its efforts.

On March 10, 2025, the Company received notice from PIGI Solutions, LLC (“PIGI”) that PIGI was exercising its purported right as a secured creditor under the Uniform Commercial Code (Del. UCC § 9-613) to conduct a public auction of substantially all of the Company’s personal property. PIGI has indicated that the closing of the auction is to occur on or after May 9, 2025. PIGI claims the Company owes $2,434,243 in principal and interest, which the Company disputes. The disputed amounts arise out of a finder’s fee agreement discussed below. On April 4, 2025, the Company and its wholly-owned subsidiary, iCore Midco Inc., a Nevada corporation (“Midco”) filed a complaint in the United States District Court Middle District of Florida initiating a civil action against PIGI and John Schneller (the “Defendants”). In the complaint, the Company and Midco assert, among other claims, that the Defendants fraudulently induced Midco into a finder’s fee agreement, under which PIGI allegedly acted as an unregistered broker-dealer, and that the finder’s fee agreement is voidable under Section 29(b) of the Securities Exchange Act of 1934. The relief requested includes, among other things, rescission of the finder’s fee agreement and related loan documents, injunctive relief against PIGI taking any further action to enforce the finder’s fee agreement, and monetary damages.

The opening of Item 3, Legal Proceedings.³