HTCR - HeartCore Signs 14th Go IPO Contract | Benzinga
NEW YORK and TOKYO, April 15, 2024 (GLOBE NEWSWIRE) -- 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 Koei Shoji Co., Ltd. ("Koei Shoji") for its 14th Go IPO consulting service win.
As compensation for its services, HeartCore expects to generate from Koei Shoji an aggregate of $500,000 in initial fees. In addition, HeartCore has received a warrant to acquire 3% of Koei Shoji's common stock, on a fully diluted basis.
"I am pleased to announce our 14th Go IPO contract win and third engagement of the year, a reflection of our effective marketing strategies to expand our consulting business across the Japanese markets," said HeartCore CEO Sumitaka Kanno Yamamoto. "Despite a challenging 2023 IPO market, characterized by various uncontrollable macroeconomic and external headwinds that limited the potential of this business segment to fully blossom into our balance sheet, demand continues to remain lofty. Along with our marketing efforts, the depreciated yen against the dollar continues to attract many Japanese companies to pursue the U.S. equity markets. With a promising pipeline of Go IPO clients and deals, we look forward to reaping the financial rewards ...