HeartCore Signs Tenth Go IPO Contract
April 11 2023 - 4:05PM
HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or
“the Company”), a leading software development company
offering Customer Experience Management Platform (“CXM Platform”)
and Digital Transformation (“DX”), announced that it has signed an
agreement (“Consulting Agreement”) with rYojbaba Inc. (“rYojbaba”)
for its tenth Go IPO consulting service win.
As part of the Consulting Agreement, HeartCore will assist
rYojbaba 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 rYojbaba an aggregate of $500,000 in initial fees. In
addition, the Company has received a warrant to acquire 3% of
rYojbaba’s common stock, on a fully diluted basis.
Furthermore, HeartCore announced that it received $4.1 million
of SYLA Technologies’ common stock following its recent IPO in
conjunction with $450,000 of AERWINS’ common stock, both valued as
of March 31, 2023.
“We are encouraged by our 10th Go IPO win and by the warrants
we’ve recently received from our prior Go IPO clients, which adds
up to nearly $4.5 million,” said CEO Sumitaka Yamamoto. “The case
studies of SYLA and AERWINS serve as prime examples of our clients
that have funneled through the Go IPO cycle; it is certainly one
that greatly benefits HeartCore. Given the progress being made
throughout all fronts of our organization, in addition to all of
our existing clients within the Go IPO pipeline primed to go public
by the end of this year, we believe we’re poised for a robust
2023.”
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
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