NEW YORK – HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading software development company providing a customer experience management platform (“CXM Platform”) and digital transformation (“DX”) offers, announced that it has signed an agreement (‘Advisory Agreement’) with rYojbaba Inc. (‘rYojbaba’) for its tenth Go-IPO advisory service.
As part of the advisory agreement, HeartCore will support rYojbaba in its efforts to go public and list on the Nasdaq Stock Market (“Nasdaq”). Through Go IPO, the Company serves clients by assisting them throughout the law firm screening and hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an IPO or De-SPAC, providing general support services, Assistance with S-1 or F-1 filing preparation and more.
As compensation for its services, HeartCore expects to receive a total of $500,000 in initial fees from rYojbaba. In addition, the Company has received a warrant to acquire 3% of rYojbaba’s common stock on a fully diluted basis.
In addition, HeartCore announced that following its recent IPO, it has received $4.1 million of SYLA Technologies common stock in conjunction with $450,000 of AERWINS common stock, both valued as of March 31, 2023 became.
“We are encouraged by our 10th Go IPO win and the warrants we recently received from our previous Go IPO clients, totaling nearly $4.5 million,” said CEO Sumitaka Yamamoto . “The SYLA and AERWINS case studies serve as prime examples for our clients who have progressed through the Go-IPO cycle; It’s certainly one that HeartCore benefits greatly from. With the progress being made on all fronts of our organization, in addition to all of our existing clients in the Go IPO pipeline targeting to go public by the end of this year, we believe we are poised for a robust 2023 .’
About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading software development company providing Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The company also offers data analysis services that enable businesses to create customized web experiences for their customers through world-class design. HeartCore’s Customer Experience Management (CXM) platform includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable businesses to improve customer experiences and drive engagement. HeartCore also operates a digital transformation business providing customers with robotic process automation, process mining and task mining to accelerate digital transformation of businesses. In addition, HeartCore offers Go IPO, an advisory service to help private companies uplist on the Nasdaq exchange.
Forward-Looking Statements
All statements contained in this press release, other than statements of historical fact, are forward-looking statements. In some cases, forward-looking statements are identifiable by words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue,” or similar expressions. Such forward-looking statements involve 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 undue reliance on forward-looking statements, which involve known and unknown uncertainties and other factors, some of which are beyond HeartCore’s control that could, and are likely to, cause actual results, activities, 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 its operations, results of operations, growth strategy and liquidity. HeartCore undertakes no obligation to publicly update or revise any of these forward-looking statements for any reason, or to update the reasons that cause actual results to 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 herein by reference.
Contact:
Matt Glover
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