iCoreConnect Announces Reverse Stock Split

Core Points - iCoreConnect Inc. has announced a 1-for-20 reverse stock split of its common stock, effective at 11:59 pm (Eastern Time) on December 20, 2024 [1] - The reverse stock split will reduce the number of outstanding shares from approximately 33.0 million to about 1.6 million, while the number of authorized shares will remain at 250 million [3] - The nominal par value per share will remain unchanged at $0.0001, and no fractional shares will be issued; any fractional shares will be rounded up to the nearest whole number [2] Company Overview - iCoreConnect Inc. is a leader in providing cloud-based software and technology solutions aimed at enhancing workflow productivity and profitability in the healthcare sector [4]