Business
iCoreConnect Announces Completion of Business Combination
Shares will begin trading on The Nasdaq Capital Market under the ticker symbol “ICCT” on August 28, 2023 iCoreConnect to receive $18.8 million in proceeds to
About this update from Fg Merger Ii Corp.
[{"type":"text","content":"\nShares will begin trading on The Nasdaq Capital Market under the ticker symbol “ICCT” on August 28, 2023\n\n\niCoreConnect to receive $18.8 million in proceeds to accelerate future growth\n\n\n OCOEE, Fla.--(BUSINESS WIRE)--\niCoreConnect Inc. (OTCQB: ICCT) (“iCore” or the “Company”), a leading cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, today announced the closing of its previously announced business combination with FG Merger Corp. (“FGMC”) (Nasdaq: FGMC), a special purpose acquisition corporation. The common stock of the combined company, which will operate as iCoreConnect Inc., is expected to commence trading on The Nasdaq Capital Market under the ticker symbol “ICCT” on August 28, 2023.\n\n\nICCT 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.\n\n\nRobert McDermott, who will remain CEO of iCoreConnect, stated, “This business combination and uplisting to the NASDAQ provides us with capital to accelerate our growth to a rapid pace and expand our reach to new markets as we work to meet the significant demand for our critical solutions across the healthcare industry. Our mission is to address significant pain points in dental and medical practices through the utilization of our cutting-edge products and technology, which results in increased efficiency and profitability for our customers. As we enter a new phase of growth, we look forward to continuing to serve our customers and creating long-term value for all stakeholders.”\n\n\nWes Schrader, CEO of FGMC, and Larry Swets, Chairman of FGMC, jointly commented, “We are pleased with the closing of this transaction and are excited to see Robert and the rest of his team execute their growth strategy going forward. We believe the capital from this transaction will serve as a catalyst to unlock the Company’s growth potential and have the utmost confidence in Robert’s ability to maximize it.”\n\n\nSince announcing the proposed business combination in January 2023, iCore has expanded its product offering of its cloud-based platform and grown its subscriber count by over 14%, with even more substantial gr...