HeartCore’s Go IPO Client, SBC Medical Group, Begins Trading on the Nasdaq Stock Exchange
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Heartcore Enterprises, Inc. (HTCR)
Company Research
Source: GlobeNewswire
NEW YORK and TOKYO, Sept. 25, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024. As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly trad
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News
- HeartCore Enterprises (NASDAQ:HTCR) Is Achieving High Returns On Its Capital [Yahoo! Finance]Yahoo! Finance
- HeartCore Announces New Digital Customer Experience Initiatives and Cross-Selling EffortsGlobeNewswire
- What Does HeartCore Enterprises, Inc.'s (NASDAQ:HTCR) Share Price Indicate? [Yahoo! Finance]Yahoo! Finance
HTCR
Sec Filings
- 2/11/25 - Form 3
- 2/6/25 - Form 144
- 12/2/24 - Form 4
- HTCR's page on the SEC website