HeartCore Signs Go IPO Consulting Agreement with SYLA Holdings Co.
May 25 2022 - 8:30AM
HeartCore Enterprises, Inc. (“HeartCore” or the
“Company”), a leading software development company,
announced that it has signed agreements with SYLA Holdings Co. Ltd.
(“SYLA”) for its recently announced Go IPO consulting service
(“Consulting Agreement”). This engagement marks the Company’s third
Go IPO deal in a two-month period.
As part of the Consulting Agreement, HeartCore
will assist SYLA in its efforts to complete its initial public
offering and list on the Nasdaq Stock Market (“Nasdaq”). Through Go
IPO, the Company will service 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
SYLA an aggregate of $500,000 in initial fees throughout the
six-month term. In addition, HeartCore has received warrants to
acquire 2% of SYLA’s common stock, on a fully diluted basis.
“Thanks to the capabilities of our management
and sales teams, coupled with what HeartCore perceives as an
increase in the number of Japanese companies seeking to list on
Nasdaq, we have successfully executed another Go IPO engagement,
which is our third in less than two months,” said CEO Sumitaka
Yamamoto. “HeartCore is committed to providing the highest quality
service in ensuring our clients’ needs are met every step of the
way, in the marathon of becoming a publicly traded company. With
demand for this service continuing to grow, we look forward to
augmenting our footprint and capturing as much market share as
possible.”
There can be no assurance that a particular Go
IPO client will complete its initial public offering and/or that
its securities will be listed on Nasdaq.
Forward-Looking Statements
All 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, 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.
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/.
HeartCore Investor Relations Contact: Gateway
Group, Inc.Matt Glover and John YiHTCR@gatewayir.com(949)
574-3860
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