What's Going On With iCoreConnect Stock?

iCoreConnect, Inc. ICCT shares are volatile Wednesday. The stock has been halted to both the upside and downside multiple times.

What To Know:

Last Friday, the company announced the closing of its previously announced business combination with FG Merger Corp., a special purpose acquisition corporation (SPAC).

On Tuesday, the company released a statement regarding the trading of ICCT's securities being halted on Nasdaq when it was identified that certain shares did not convert using the post-business combination exchange ratio. The situation was  corrected and ICCT shares resumed trading at market open on Wednesday.

iCoreConnect shares are moving higher on very heavy trading volume. According to data from Benzinga Pro, more than 26.6 million shares have been traded, compared to the stock's 100-day average of just over 1 million shares.

iCoreConnect is a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform.

Related News: What's Going On With Nvidia Stock Today?

ICCT Price Action: According to Benzinga Pro, iCoreConnect shares are up % at $ at the time of publication.

Image: fudowakira0 from Pixabay