ICCT

iCoreConnect Announces Exciting Updates to One of Its Leading SaaS Solutions

Retrieved on: 
Wednesday, January 31, 2024

iCoreConnect is thrilled to announce significant enhancements to its iCoreCodeGenius Software as a Service (SaaS) offering.

Key Points: 
  • iCoreConnect is thrilled to announce significant enhancements to its iCoreCodeGenius Software as a Service (SaaS) offering.
  • iCoreCodeGenius delivers fast, reliable, and accurate medical coding to provide healthcare organizations with the appropriate codes and documentation needed, resulting in reduced claim denials.
  • “These updates come at a time when the healthcare landscape is evolving rapidly, and businesses need agile and adaptable solutions to stay competitive.
  • Scalability has been a core focus to ensure, enabling users to adapt the solution to their changing needs.

iCoreConnect, Inc. Announces New Endorsement Partnership With the Rhode Island Dental Association Continuing Its Expansion Into New States

Retrieved on: 
Tuesday, September 19, 2023

iCoreExchange , with its recent version upgrade, allows practices to share Protected Health Information (PHI) quickly and easily with their referral partners.

Key Points: 
  • iCoreExchange , with its recent version upgrade, allows practices to share Protected Health Information (PHI) quickly and easily with their referral partners.
  • iCoreCodeGenius ensures that dentists who bill a patient’s health insurance plan have the diagnostic code (ICD-10) specificity necessary to get their claims paid.
  • “We are thrilled to welcome the RIDA to our expanding State Association family,” said Robert McDermott, President & CEO of iCoreConnect.
  • Their Marketing and Brand Innovation team collaborates with the Association to deliver content through print, email campaigns, journals, newsletters, and more.

iCoreConnect, Inc. Acquires Assets of Preferred Dental Services to Enhance Its Revenue Cycle Management Offerings to Customers, Further Driving Revenue Growth Opportunities

Retrieved on: 
Thursday, September 7, 2023

Preferred Dental Services is a provider of dental billing, claims, and insurance management services.

Key Points: 
  • Preferred Dental Services is a provider of dental billing, claims, and insurance management services.
  • We believe the acquisition will help increase revenue, streamline workflow, free up staff resources, and improve the overall patient experience at the practice level.
  • PDS is impressive due to its strength in management, services, and consistent revenue,” states Robert McDermott, CEO and President of iCoreConnect.
  • "We are thrilled to be acquired by iCoreConnect and now be a part of their mission to revolutionize dental business workflow," said Angela Holland, Founder of Preferred Dental Services.

FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Has Completed Business Combination with iCoreConnect

Retrieved on: 
Thursday, August 31, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger Corp. (FG Merger) (Nasdaq: FGMC), has completed its previously announced business combination with iCoreConnect Inc. (Nasdaq: ICCT), a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger Corp. (FG Merger) (Nasdaq: FGMC), has completed its previously announced business combination with iCoreConnect Inc. (Nasdaq: ICCT), a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services.
  • FG Merger now operates as iCoreConnect Inc. and began trading on the Nasdaq Capital Market under the ticker “ICCT” on Monday, August 28, 2023.
  • FG Financial Group has beneficial ownership of approximately:
    220,000 common shares of iCoreConnect,
    650,000 convertible preferred shares of iCoreConnect, and
    1 million warrants exercisable into convertible preferred shares of iCoreConnect.
  • FG Financial Group’s CEO Larry Swets, Jr. commented, “We are pleased with FG Merger’s closing of this business combination with iCoreConnect, a market leading software company with an attractive, scalable business model positioned to take advantage of healthcare industry tailwinds.

iCoreConnect Provides Update on Post Business Combination Share Exchange

Retrieved on: 
Wednesday, August 30, 2023

OCOEE, FL, Aug. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – iCoreConnect, Inc. (Nasdaq: ICCT) (“iCore” or the “Company”), a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, today provided an update on recent trading activity following the close of its business combination with FG Merger Corp. (“FGMC” (Nasdaq: FGMC), a special purpose acquisition corporation.

Key Points: 
  • OCOEE, FL, Aug. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – iCoreConnect, Inc. (Nasdaq: ICCT) (“iCore” or the “Company”), a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, today provided an update on recent trading activity following the close of its business combination with FG Merger Corp. (“FGMC” (Nasdaq: FGMC), a special purpose acquisition corporation.
  • Today, trading of ICCT’s securities was halted on Nasdaq when it was identified that certain shares did not convert using the post-business combination exchange ratio.
  • The situation has been corrected and the Company will resume trading at market open on Wednesday, August 30, 2023.
  • Shareholders seeking additional information on how this may impact their individual positions should contact their respective brokerage firms.

iCoreConnect Announces Clarification Regarding Trading of Common Stock, Warrants and Preferred Stock

Retrieved on: 
Monday, August 28, 2023

FGMC common stock that was not redeemed in connection with the business combination was exchanged for preferred stock of the combined company that will trade on the OTC market.

Key Points: 
  • FGMC common stock that was not redeemed in connection with the business combination was exchanged for preferred stock of the combined company that will trade on the OTC market.
  • The initial conversion price from common stock to preferred stock was at a conversion price of $10.00 per share.
  • FGMC warrants have been converted into warrants for preferred stock of the combined company that will trade on the OTC market.
  • Common stock, warrants and preferred stock of the combined company will each begin trading under a new CUSIP and ISIN (International Securities Identification Number) on August 28, 2023.

iCoreConnect Announces Completion of Business Combination

Retrieved on: 
Friday, August 25, 2023

ICCT shares on the OTC Market will be converted into shares of common stock in the combined company.

Key Points: 
  • ICCT shares on the OTC Market will be converted into shares of common stock in the combined company.
  • Every 29.84 shares of iCore outstanding prior to the closing will receive one share of the combined company.
  • The Business Combination was approved by FGMC’s stockholders at its special meeting held on August 18, 2023.
  • ThinkEquity served as financial advisor to FG Merger Corp. in connection with the business combination.

Momentum Ventures Envisions a Sustainable Future of Aviation with Electric Airplanes

Retrieved on: 
Friday, August 11, 2023

Momentum Ventures™, the parent company behind online travel agencies FlightHub™ and JustFly.com™, joins the global aviation community in celebrating the strides achieved in electric aviation.

Key Points: 
  • Momentum Ventures™, the parent company behind online travel agencies FlightHub™ and JustFly.com™, joins the global aviation community in celebrating the strides achieved in electric aviation.
  • "While we aren't engaged in electric airplane manufacturing, we enthusiastically welcome the positive influence they impart on the aviation sector," affirmed Matt Keezer, CEO of Momentum Ventures.
  • While Momentum Ventures predominantly operates within the flight and travel sector, its endorsement of sustainable practices also encompasses broader initiatives aimed at fostering beneficial transformations.
  • As FlightHub and JustFly.com continue to excel within their respective roles, Momentum Ventures remains dedicated to endorsing and supporting initiatives that contribute to a sustainable aviation future.

FGMC Merger Corp. and iCoreConnect to Participate in IPO Edge Fireside Chat to Discuss Business Combination

Retrieved on: 
Thursday, July 27, 2023

FG Merger Corp. (Nasdaq: FGMC), a special purpose acquisition company, and iCoreConnect (OTCQB: ICCT) will participate in a fireside chat today, Thursday, July 27 at 11:00 AM ET to discuss their pending business combination.

Key Points: 
  • FG Merger Corp. (Nasdaq: FGMC), a special purpose acquisition company, and iCoreConnect (OTCQB: ICCT) will participate in a fireside chat today, Thursday, July 27 at 11:00 AM ET to discuss their pending business combination.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230727092280/en/
    The live event will feature Wes Schrader, CEO of FG Merger Corp. and Robert McDermott, CEO of iCoreConnect.
  • IPO Edge Editor-in-Chief, John Jannarone will moderate the video session, which will last approximately 60 minutes and include a Q&A segment with the audience.

FGMC Merger Corp. Provides a Unique Investment Opportunity in Upcoming Transaction, Bridging the Gap Between Retail and Institutional Investors

Retrieved on: 
Wednesday, June 28, 2023

FG Merger Corp. (Nasdaq: FGMC) (“FGMC” or the “Company”), a special purpose acquisition company, today announced the unique features of its upcoming business combination with iCoreConnect Inc. (OTCQB: ICCT) (“iCoreConnect”), a SaaS company with an enterprise and healthcare workflow platform.

Key Points: 
  • FG Merger Corp. (Nasdaq: FGMC) (“FGMC” or the “Company”), a special purpose acquisition company, today announced the unique features of its upcoming business combination with iCoreConnect Inc. (OTCQB: ICCT) (“iCoreConnect”), a SaaS company with an enterprise and healthcare workflow platform.
  • Key features of the structure include:
    At the close of the business combination with iCoreConnect, all non-redeemed shares of FGMC common stock held by investors will be automatically exchanged for convertible preferred stock of the combined company
    The preferred stock will have a 12% coupon, payable in cash or paid-in-kind for the first 24 months after the close of the transaction and thereafter the coupon will be paid in cash
    Investors holding the convertible preferred stock have downside protection for the first 12 months, as the conversion price will be reset based on the trading price of ICCT common stock after one year
    Retail investors can invest in FG Merger Corp. by purchasing FGMC shares on the Nasdaq Global Market through any brokerage account
    Wes Schrader, CEO of FGMC, commented, “We are thrilled to be able to offer this unique investment structure, which is usually only accessible to institutional investors through a private investment in public equity, or PIPE, deal to all investors.
  • Our transaction, with the attractive dividend, downside protection and ability to capture the full upside of the combined company, presents a rare opportunity for retail investors to participate in contributing growth capital to a public company.
  • The Company’s business combination with iCoreConnect is particularly exciting due to its rapidly growing software-as-a-service (SaaS) recurring revenue model, which is backed by a highly diversified base of dental and healthcare providers as well as blue chip and enterprise level clients.”