Form 4: Periscope Capital Inc. Reports Changes in Beneficial Ownership of iCoreConnect Inc. Securities
SEC Filing
Periscope Capital Inc. files a Form 4 detailing changes in beneficial ownership of iCoreConnect Inc. securities, including warrants and preferred stock, with transactions occurring on October 21, 2024.
Summary
- Periscope Capital Inc., along with Periscope SPAC Warrant Opportunity Fund LP, filed a Form 4 with the SEC regarding changes in beneficial ownership of iCoreConnect Inc. securities.
- The filing indicates transactions involving warrants exercisable for preferred stock and preferred stock exercisable for common stock.
- These transactions occurred on October 21, 2024.
- Periscope disclaims beneficial ownership except to the extent of its pecuniary interest, acting as an investment manager or trading advisor for several funds.
- The funds involved include Nautilus Master Fund, L.P., New Holland Tactical Alpha Fund LP, Periscope Fund LP, Periscope SPAC Warrant Opportunity Fund LP, and Periscope Target Return Fund LP.
- The filing also references a prospectus dated October 26, 2023, which outlines the terms of the preferred stock and warrants.
- Sales of warrants by Nautilus MF, NH TAF, Periscope SPAC WOF and Periscope TRF occurred on March 21, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in ownership of a publicly traded company, iCoreConnect Inc., and is part of the regulatory requirements for entities holding significant positions in such companies.
Stakeholder Impact
- The filing informs shareholders and the market about changes in ownership of iCoreConnect Inc. securities.
- It provides transparency regarding the holdings and transactions of Periscope Capital Inc. and related funds.
Key Dates
| Date | Description |
|---|---|
| 2023-10-26 | Date of the iCoreConnect Inc. Prospectus referenced in the filing. |
| 2024-03-21 | Date of warrant sales by Nautilus MF, NH TAF, Periscope SPAC WOF and Periscope TRF. |
| 2024-09-27 | Date iCoreConnect Inc. confirmed the adjusted exercise price of preferred stock to Periscope. |
| 2024-10-21 | Date of the transactions reported in the Form 4. |
| 2024-10-23 | Date of the Form 4 filing. |
Keywords
Form 4, iCoreConnect Inc., Periscope Capital Inc., Beneficial Ownership, Warrants, Preferred Stock, Common Stock, SEC Filing
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