HeartCore Provides Update on March Go IPO Warrant Sale and Encouraging Outlook
Heartcore Enterprises, Inc. (HTCR)
Company Research
Source: GlobeNewswire
NEW YORK and TOKYO, May 13, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), a leading enterprise software and consulting services company based in Tokyo, announced updates around the previously announced sale of a Go IPO warrant. In March 2024, HeartCore announced the sale of a Go IPO client’s warrant to a Japanese financial institution for $9 million. During the first quarter ended March 31, 2024, $5 million was received, with the remaining $4 million received in April 2024. With referral fees of $3.36 million having been made to So Management Inc. for sourcing this lead, the Company generated $5.64 million in net sales. However, due to specific accounting treatments and stipulations in the warrant agreement, HeartCore will not recognize the $9 million as revenue on the balance sheet until the client becomes a publicly listed company, which is expected to occur in Fall 2024. Until then, the $9 million will be classified as debt o
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News
- HeartCore provides third quarter guidance, stock climbs [Seeking Alpha]Seeking Alpha
- HeartCore’s Go IPO Client, SBC Medical Group, Begins Trading on the Nasdaq Stock ExchangeGlobeNewswire
- HeartCore Enterprises, Inc. (HTCR): Hedge Funds Are Bullish On This Japanese Stock Now [Yahoo! Finance]Yahoo! Finance
- News Flash: Analysts Just Made A Substantial Upgrade To Their HeartCore Enterprises, Inc. (NASDAQ:HTCR) Forecasts [Yahoo! Finance]Yahoo! Finance
- HeartCore to Present at the H.C. Wainwright 26th Annual Global Investment Conference on September 11, 2024GlobeNewswire
HTCR
Sec Filings
- 9/27/24 - Form 8-K
- 9/25/24 - Form 8-K
- 8/23/24 - Form DEF
- HTCR's page on the SEC website