SCHEDULE 13G/A: Periscope Capital Amends Passive Stake in iCoreConnect, Disclosing 4.8% Ownership
Ownership Disclosure
Periscope Capital Inc. and its affiliated fund, Periscope SPAC Warrant Opportunity Fund LP, have filed an amended Schedule 13G, disclosing their passive beneficial ownership in iCoreConnect Inc. at 4.8% and 2.1% respectively, as of March 31, 2025.
Summary
- Periscope Capital Inc. and Periscope SPAC Warrant Opportunity Fund LP filed an Amendment No. 5 to Schedule 13G regarding their beneficial ownership of iCoreConnect Inc. common stock.
- Periscope Capital Inc. beneficially owns 104,800 shares, representing 4.8% of the class.
- Periscope SPAC Warrant Opportunity Fund LP beneficially owns 44,700 shares, representing 2.1% of the class.
- The percentages are calculated based on a total of 2,177,822 shares, which includes 2,073,022 shares outstanding as of February 3, 2025, plus 104,800 shares from convertible securities held by Periscope and its funds.
- The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of iCoreConnect Inc.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine disclosure of passive ownership and does not typically convey positive or negative sentiment regarding the issuer's performance or prospects. It simply reports a change or maintenance of a passive stake.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership by institutional investors.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date 2,073,022 shares of Common Stock were reported outstanding. |
| 02/14/2025 | Date Form 424B3 of the Issuer was filed with the SEC. |
| 03/31/2025 | Date of event which requires filing of this statement. |
| 05/09/2025 | Date of signature for the Schedule 13G filing. |
Keywords
iCoreConnect Inc., Schedule 13G, beneficial ownership, Periscope Capital Inc., common stock, SEC filing, passive investment, investment management
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