Fundamental Global Inc., a 10% owner of iCoreConnect Inc. (NASDAQ:ICCT), has recently executed two significant sales of common stock in the micro-cap company, which currently has a market capitalization of just $4.5 million. The stock has experienced substantial volatility, having declined over 83% in the past six months. According to the latest SEC filings, on December 10, the company sold 1,000,000 shares at a price of $0.269 each, and on December 12, an additional 10,000 shares were sold at $0.1725 per share. The total value of these transactions amounts to $270,725. Following these transactions, Fundamental Global Inc. retains ownership of 1,213,843 shares in iCoreConnect. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers, including detailed financial health metrics and growth prospects.
In other recent news, iCoreConnect, a provider of cloud-based software solutions, has expanded its partnership with the Arizona Dental Association (AzDA), securing endorsements for two additional products, iCoreClaims and iCorePay. This follows the company’s recent endorsement agreement with the Delaware State Dental Society, broadening its reach to approximately 155,000 dental professionals in the U.S.
iCoreConnect has also acquired assets from the Healthcare Circle of Excellence, launching a new division and website to support local healthcare practices. In a strategic move to streamline its business model, iCoreConnect sold its Managed Service Provider Division to The 20, LLC, reallocating resources to its core Software (ETR:SOWGn) as a Service offerings.
The company made significant changes to its board of directors, appointing Wayne Kalish and Yvonne Hyland, and secured shareholder approval for key proposals, including the issuance of common stock. In a recent development, iCoreConnect expanded its operations into Tennessee, securing an endorsement from the Tennessee Dental Association for seven of its software solutions. These developments underscore iCoreConnect’s ongoing efforts to optimize its operations and address compliance issues.
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