HeartCore Enterprises, Inc. Announces Closing of $15.0 Million Initial Public Offering
February 14 2022 - 4:05PM
HeartCore Enterprises, Inc., (“HeartCore” or “the
Company”), a leading software development company, today
announced the closing of its initial public offering of 3,000,000
shares of its common stock (the “Common Stock”) at a public
offering price of $5.00 per share, for aggregate gross proceeds of
$15.0 million, before deducting underwriting discounts,
commissions, and other offering expenses.
The Company’s Common Stock began trading on the Nasdaq Capital
Market on February 10, 2022, under the symbols “HTCR”.
“On behalf of the management team, I would like to thank all of
our employees, customers, partners, and stakeholders for partaking
in our journey to become a publicly-traded, Nasdaq listed company,”
said CEO Sumitaka Yamamoto. “We look forward to leveraging the
benefits of being on a renowned exchange, as we aim to enhance our
corporate profile within the institutional and broader investment
community in the U.S.”
Boustead Securities, LLC acted as the sole managing underwriter
and bookrunner for the initial public offering.
Anthony L.G., PLLC acted as legal counsel to HeartCore and
Bevilacqua PLLC acted as legal counsel to Boustead Securities, LLC
for the offering.
A registration statement on Form S-1, as amended (File No.
333-261984), relating to the Common Stock was filed with the
Securities and Exchange Commission (“SEC”) and was declared
effective on February 9, 2022. This offering is being made only by
means of a prospectus. A final prospectus relating to the offering
was filed with the SEC on February 10, 2022 and is available on the
SEC’s website at http://www.sec.gov. A copy of the final prospectus
related to the offering may be obtained from Boustead Securities,
LLC, via email: offerings@boustead1828.com or by calling 1 (949)
502-4408 or requested by standard mail at Boustead Securities LLC:
Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA
92618, USA.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful before registration or qualification under the
securities laws of any such state or jurisdiction.
HeartCore Investor Relations Contact:Gateway
Group, Inc.Matt Glover and John YiHTCR@gatewayir.com(949)
574-3860
About HeartCore Enterprises, Inc.Headquartered
in Tokyo, Japan, HeartCore Enterprises is a leading software
development company offering Software as a Service (SaaS) solutions
to enterprise customers in Japan and worldwide. The Company also
provides data analytics services that allow enterprise businesses
to create tailored web experiences for their clients through
best-in-class design. HeartCore’s customer experience management
platform (CXM Platform) includes marketing, sales, service and
content management systems, as well as other tools and
integrations, which enable companies to enhance the customer
experience and drive engagement. HeartCore also operates a digital
transformation business that provides customers with robotics
process automation, process mining and task mining to accelerate
the digital transformation of enterprises. Additional information
about the Company’s products and services is available at
www.heartcore.co.jp and https://heartcore-usa.com/.
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