HeartCore Signs Fifth Go IPO Agreement with SBC Medical Group
November 23 2022 - 8:30AM
HeartCore Enterprises, Inc. (“HeartCore” or the
“Company”), a leading software development company,
announced that it has signed an agreement (“Consulting Agreement”)
with SBC Medical Group, Inc. (“SBC Medical”), for its fifth Go IPO
consulting service within an eight-month period.
As part of the Consulting Agreement, HeartCore will assist SBC
Medical in its efforts to go public and list on the Nasdaq Stock
Market (“Nasdaq”). Through Go IPO, the Company services clients by
assisting throughout the audit and legal firm hiring process,
translating requested documents into English, assisting in the
preparation of documentation for internal controls required for an
initial public offering or de-SPAC, providing general support
services, assisting in the preparation of the S-1 or F-1 filing,
and more. As compensation for its services, HeartCore expects to
generate from SBC Medical an aggregate of $900,000 in initial fees.
In addition, HeartCore has received a warrant to acquire 2.7% of
SBC Medical’s common stock, on a fully diluted basis.
“Japanese companies continue to express interest in listing on
the U.S. markets, and our team has successfully taken advantage of
this wave as we executed our fifth Go IPO win of 2022,” said CEO
Sumitaka Yamamoto. “Prospective Japanese Go IPO clients have
appreciated our expertise in helping private companies kickstart
and navigate their capital markets journey with our white glove
service and catered consultation, which has resulted in a robust
business pipeline for HeartCore.”
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. Furthermore, HeartCore
offers “Go IPO,” a consulting service where it assists private
companies with uplisting onto the Nasdaq Stock Market. Additional
information about the Company’s products and services is available
at www.heartcore.co.jp and https://heartcore-enterprises.com/.
Forward-Looking StatementsAll statements other
than statements of historical facts included in this press release
are forward-looking statements. In some cases, forward-looking
statements can be identified by words such as “believe,” “intend,”
“expect,” “anticipate,” “plan,” “potential,” “continue” or similar
expressions. Such forward-looking statements include risks and
uncertainties, and there are important factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. These factors, risks, and
uncertainties are discussed in HeartCore’s filings with the
Securities and Exchange Commission. Investors should not place any
undue reliance on forward-looking statements since they involve
known and unknown, uncertainties and other factors which are, in
some cases, beyond HeartCore’s control which could, and likely will
materially affect actual results, and levels of activity,
performance, or achievements. Any forward-looking statement
reflects HeartCore’s current views with respect to future events
and is subject to these and other risks, uncertainties, and
assumptions relating to operations, results of operations, growth
strategy, and liquidity. HeartCore assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. The contents of any website referenced in this press
release are not incorporated by reference herein.
HeartCore Investor Relations Contact: Gateway
Group, Inc.Matt Glover and John YiHTCR@gatewayir.com(949)
574-3860
HeartCore Enterprises (NASDAQ:HTCR)
Historical Stock Chart
From Mar 2024 to Apr 2024
HeartCore Enterprises (NASDAQ:HTCR)
Historical Stock Chart
From Apr 2023 to Apr 2024