Icoreconnect Said On September 12, Entered Into A Purchase Agreement With Arena Business Solutions Global Spc Ii, Ltd. To Purchase Up To $40M Of ICCT Common Stock
Portfolio Pulse from Charles Gross
iCoreConnect has entered into a purchase agreement with Arena Business Solutions Global SPC II, Ltd. to purchase up to $40M of ICCT common stock.
September 14, 2023 | 10:08 am
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POSITIVE IMPACT
iCoreConnect's agreement with Arena Business Solutions to purchase up to $40M of ICCT common stock could potentially increase the stock's liquidity and value.
The purchase agreement indicates a significant investment in iCoreConnect, which could increase demand for ICCT stock and potentially drive up its price. However, the actual impact will depend on market conditions and investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100