HeartCore Signs 12th Go IPO Contract
February 29 2024 - 8:30AM
HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or
the “Company”), a leading enterprise software and
consulting services company based in Tokyo, announced that it has
signed an agreement (“Consulting Agreement”) with Jyo Co., Ltd.
(“Jyo”) for its 12th Go IPO consulting service win.
“I am pleased to announce our 12th Go IPO contract win and our
first one for 2024,” said HeartCore CEO Sumitaka Kanno Yamamoto.
“Demand remains robust as the HeartCore Go IPO brand continues to
grow in the Japanese markets and attracts interest from companies
seeking to list on a major U.S. exchange. Despite facing headwinds
in a volatile IPO market, we continue to shepherd our clients
through a typically grueling process with our white glove approach
to ensure they’re successfully listed. The opportunities our
consulting business brings to HeartCore’s overall financial
potential and performance continue to remain a pillar in our
long-term success. With notable progress and developments being
made in our software business and global expansion initiatives, we
remain focused on executing our two-pronged business and growth
strategy.”
As part of the Consulting Agreement, HeartCore will assist Jyo
in its efforts to go public and list on the Nasdaq Stock Market
(“Nasdaq”) or the New York Stock Exchange (“NYSE”). 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 Jyo an aggregate of $700,000 in
initial fees. In addition, HeartCore has received a warrant to
acquire 2% of Jyo’s common stock, on a fully diluted basis.
About HeartCore Enterprises, Inc.Headquartered
in Tokyo, Japan, HeartCore Enterprises is a leading enterprise
software and consulting services company. HeartCore offers 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. HeartCore’s
GO IPO℠ consulting services helps Japanese-based companies go
public in the U.S. Additional information about the Company's
products and services is available at
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 “believed,” “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@gateway-grp.com(949)
574-3860
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