Bankruptcy: iCoreConnect Inc.

Form Type: 8-K

Filing Date: 2025-05-12

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000147793225003561

Filing Summary: On May 6, 2025, iCoreConnect Inc. received notice from PIGI Solutions, LLC that PIGI intended to conduct a public auction of substantially all of iCoreConnect's personal property due to claimed debts of $2,434,243. The company filed a civil action against PIGI alleging fraudulent inducement related to a finder’s fee agreement. A Settlement Agreement was reached on May 6, 2025, allowing the company until May 30, 2025, to terminate the auction and retain its assets by paying $3,099,747, which includes amounts owed to PIGI and other expenses. iCoreConnect intends to satisfy the payment obligations to avoid further proceedings.