Checkout this FULL LENGTH CLASS on Short Squeezes and Halts Pending News:
NEW UPDATE: OCOEE, FL, Aug. 29, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – iCoreConnect, Inc. (Nasdaq: ICCT) (“iCore” or the “Company”), a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform, today provided an update on recent trading activity following the close of its business combination with FG Merger Corp. (“FGMC” (Nasdaq: FGMC), a special purpose acquisition corporation. Today, trading of ICCT’s securities was halted on Nasdaq when it was identified that certain shares did not convert using the post-business combination exchange ratio. The situation has been corrected and the Company will resume trading at market open on Wednesday, August 30, 2023.
Shareholders seeking additional information on how this may impact their individual positions should contact their respective brokerage firms.
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