NEW YORK and TOKYO, May 11, 2022 (GLOBE NEWSWIRE) — HeartCore Enterprises, Inc., (“HeartCore” or “the Company”), a leading software development company, announced that it has signed agreements with two companies for its recently announced Go IPO advisory service.
Just one month after the launch of this new advisory service, HeartCore was able to engage two private companies planning to go public on the Nasdaq (“Nasdaq”), Moveaction Co., Ltd. (“Moveaction”) and ALI Technologies Inc. (“ALI Technologies”). Through Go IPO, the Company will serve these and other clients by assisting throughout the exam and law firm hiring process, translating requested documents into English, providing general support services, assisting with the preparation of the S-1 or F-1 filing and more. As compensation for its services, HeartCore expects to receive a total of $860,000 in initial fees from Moveaction and ALI Technologies. In addition, HeartCore has received warrants to purchase 3% of the common stock of Moveaction on a fully diluted basis and 1% of the common stock of ALI Technologies Inc. on a fully diluted basis.
“In just over 30 days, we successfully signed agreements with two clients for our Go-IPO advisory service,” said CEO Sumitaka Yamamoto. “Our team’s ability to pull off so many wins in such a short period of time is a testament to their hard work, but also reflects the growing demand from Japanese companies to list on the Nasdaq. Our Go IPO service offers clients the opportunity to work with a dedicated organization that will support them throughout the IPO process from start to finish. We are encouraged by the near-term progress made to date and look forward to growing this segment of our business.”
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 the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotic process automation, process mining and task mining to accelerate digital transformation of businesses. More information about the Company’s products and services is available at www.heartcore.co.jp and https://heartcore-usa.com/.
HeartCore Investor Relations contact:
Gateway Group, Inc.
Matt Glover and John Yi
[email protected]
(949) 574-3860
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