HeartCore Signs Fourth Go IPO Agreement with Metros Development Co.
November 02 2022 - 08:30AM
HeartCore Enterprises, Inc., (“HeartCore” or the
“Company”), a leading software development company,
announced that it has signed an agreement with Metros Development
Co., Ltd. (“Metros Development”), a Japanese corporation, for its
Go IPO consulting service (“Consulting Agreement”). This engagement
marks the Company’s fourth Go IPO deal in a six-month period.
As part of the Consulting Agreement, HeartCore will assist
Metros Development in its efforts to go public 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 Metros Development an aggregate of $500,000 in
initial fees. In addition, HeartCore has received a warrant to
acquire 3% of Metros Development’s common stock, on a fully diluted
basis.
“Thanks to the persistence of our management team and the
continued interest of Japanese companies seeking to list on Nasdaq,
we have signed our fourth agreement for our Go IPO consulting
service to date,” said CEO Sumitaka Yamamoto. “We expect to
continue to prudently vet the companies we engage with and look
forward to being a dedicated partner as they progress to the next
chapter in their corporate history.”
Additionally, previous Go IPO client, AERWINS, the parent
company of A.L.I. Technologies Inc., has successfully announced the
signing of a definitive agreement for going public via a business
combination with Pono Capital Corp., a NASDAQ listed company. With
the transaction valuing AERWINS at $600 million and the Company
able to acquire 1% of AERWINS’ common stock, on a fully diluted
basis, the total value owned by HeartCore is expected to be
approximately $6 million if the transaction closes.
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-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
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