HeartCore Signs Sixth and Seventh Go IPO Agreement
NEW YORK and TOKYO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (“HeartCore” or the “Company”), a leading software development company, announced that it has signed an agreement (“Consulting Agreement”) with kk.BloomZ (“BloomZ”) and a Japanese healthcare company for its sixth and seventh Go IPO consulting service win.
As part of the Consulting Agreement, HeartCore will assist BloomZ and the healthcare client 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 BloomZ an aggregate of $500,000 in initial fees. In addition, HeartCore has received a warrant to acquire 4% of BloomZ’s common stock, on a fully diluted basis.
“We are very pleased to have signed our sixth and seventh Go IPO deal to start the new calendar year,” said CEO Sumitaka Yamamoto. “The pipeline remains robust, as we continue to receive substantial interest from Japanese companies looking to tell their equity story to the U.S. investment community. In addition to the initial cash fee we receive, we expect the value from the warrants we’ll be able to recognize from our Go IPO clients will be beneficial to our financials for this year and beyond.”
About HeartCore Enterprises, Inc.
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