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 (or the auditor's report on them) should no longer be relied upon (8-K Item 4.02). Non-reliance on the financial statements themselves is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Scope: previously issued financial statements
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 →
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