Home / Restatements / iCoreConnect Inc.
Filed 2025-05-30 路 Form 8-K 路 Accession 0001477932-25-004246 nano
Price before filing: $0.67 (2025-05-29 close, split/dividend-adjusted)
Market cap at flag: $230,108 (2025-05-30) 路 Latest: $402 (2026-06-26)
| Window | ICCT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -74.6% | +5.0% | -79.6% | 2025-06-30 |
| 90 days | -97.0% | +10.3% | -107.3% | 2025-08-28 |
| 180 days | -99.9% | +15.9% | -115.7% | 2025-11-26 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $80K (5 sales, 2 without a usable price); 1 insider bought $202 (3 purchases, 2 without a usable price)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-17 | Schonfeld Strategic Advisors LLC 10% owner | Sale | 1,000 | $2.33 | $2K | no | Form 4 |
| 2025-04-17 | Schonfeld Strategic Advisors LLC 10% owner | Purchase | 85,200 | $2.53 | $215K | no | Form 4 |
| 2025-04-17 | Schonfeld Strategic Advisors LLC 10% owner | Purchase | 61,500 | $2.55 | $157K | no | Form 4 |
| 2025-04-21 | Schonfeld Strategic Advisors LLC 10% owner | Sale | 12,400 | $1.91 | $24K | no | Form 4 |
| 2025-04-21 | Schonfeld Strategic Advisors LLC 10% owner | Sale | 28,000 | $1.91 | $54K | no | Form 4 |
| 2025-04-21 | Schonfeld Strategic Advisors LLC 10% owner | Purchase | 100 | $2.02 | $202 | no | Form 4 |
| 2025-04-28 | Schonfeld Strategic Advisors LLC 10% owner | Sale | 71,037 | $2.24 | $159K | no | Form 4 |
| 2025-04-28 | Schonfeld Strategic Advisors LLC 10% owner | Sale | 61,341 | $2.29 | $140K | no | Form 4 |
| 2025-05-30: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-01 to 2025-06-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company"), after discussion with the Company's management, concluded that the Company's previously issued financial statements contained in the Company's Quarterly Reports on Form 10-Q for the period ended September 30, 2024 originally filed on November 19, 2024 (collectively "Non-Reliance Period"), should no longer be relied upon."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Auditor change, Going-concern doubt, Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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