As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 33.0 million shares to approximately 1.6 million shares, and the number of authorized shares of common stock will remain at 250 million shares. In addition, the number of shares reserved for issuance under the Company’s equity compensation plan immediately prior to the reverse stock split will be reduced proportionately.About iCoreConnect Inc.iCoreConnect Inc.is a SaaS leader in cloud-based software and technology solutions, designed to enhance workflow productivity and profitability in healthcare.
As a result of the reverse stock split, every twenty shares of the Company’s common stock issued and outstanding prior to the opening of trading on December 23, 2024, will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.0001.
OCOEE, Fla., Dec.19, 2024 (GLOBE NEWSWIRE) -- iCoreConnect Inc.(NASDAQ: ICCT), a leading provider of cloud-based software and technology solutions, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of its common stock.
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