By Stephen Nakrosis
Shares of software-as-a-service company iCoreConnect dropped Monday, the first day of trading on Nasdaq following a business combination with special purpose acquisition company FG Merger.
The stock was recently down 67% at $1.90 on Nasdaq. Trading was paused numerous times due to volatility.
Last week, iCoreConnect and FG Merger said they completed their business combination. As part of the deal, shares of iCoreConnect, which previously traded over the counter, were converted at a ratio of 29.84 shares of iCoreConnect to one share of the combined company.
ICoreConnect operates an enterprise and healthcare workflow platform.
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