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HeartCore Regains Compliance with Nasdaq Listing Requirements

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HeartCore Enterprises (Nasdaq: HTCR) has successfully regained compliance with Nasdaq's minimum bid price requirement of $1.00, ensuring its continued listing on the Nasdaq Capital Market. The company had previously received a non-compliance notice on October 22, 2024, and was scheduled for an appeal hearing on December 17, 2024, which has now been cancelled following the compliance confirmation. HeartCore, a Tokyo-based enterprise software and data consulting services company, will maintain its listing status on The Nasdaq Stock Market.

HeartCore Enterprises (Nasdaq: HTCR) ha riacquistato con successo la conformità ai requisiti di prezzo minimo di offerta di Nasdaq, fissato a $1,00, garantendo così la sua continua quotazione sul Nasdaq Capital Market. L'azienda aveva precedentemente ricevuto un avviso di non conformità il 22 ottobre 2024 ed era programmata per un'udienza d'appello il 17 dicembre 2024, che è stata ora annullata a seguito della conferma di conformità. HeartCore, un'azienda di software aziendale e servizi di consulenza dati con sede a Tokyo, manterrà il suo stato di quotazione sul Nasdaq Stock Market.

HeartCore Enterprises (Nasdaq: HTCR) ha recuperado con éxito el cumplimiento del requisito de precio mínimo de oferta de Nasdaq, establecido en $1.00, asegurando así su continuación en el listado del Nasdaq Capital Market. La empresa había recibido previamente un aviso de no cumplimiento el 22 de octubre de 2024 y tenía programada una audiencia de apelación el 17 de diciembre de 2024, que ahora ha sido cancelada tras la confirmación de cumplimiento. HeartCore, una empresa de software empresarial y servicios de consultoría de datos con sede en Tokio, mantendrá su estado de cotización en el Nasdaq Stock Market.

HeartCore Enterprises (Nasdaq: HTCR)는 Nasdaq의 최소 입찰 가격 요구 사항인 $1.00을 성공적으로 회복하여 Nasdaq Capital Market에서의 지속적인 상장 유지가 보장되었습니다. 이 회사는 2024년 10월 22일에 비준수 통지를 받았고 2024년 12월 17일에 항소 심리가 예정되어 있었으나, 이제 이 항소가 준수 확인 이후 취소되었습니다. HeartCore는 도쿄에 본사를 둔 기업 소프트웨어 및 데이터 컨설팅 서비스 회사로, Nasdaq Stock Market에서의 상장 상태를 유지할 것입니다.

HeartCore Enterprises (Nasdaq: HTCR) a réussi à se conformer à la exigence de prix minimum d'offre de Nasdaq fixée à 1,00 $, garantissant ainsi son maintien sur le Nasdaq Capital Market. L'entreprise avait précédemment reçu un avis de non-conformité le 22 octobre 2024 et devait se présenter à une audience d'appel le 17 décembre 2024, qui a maintenant été annulée suite à la confirmation de conformité. HeartCore, une entreprise de logiciels d'entreprise et de services de conseil en données basée à Tokyo, conservera son statut de cotation sur le Nasdaq Stock Market.

HeartCore Enterprises (Nasdaq: HTCR) hat erfolgreich die Einhaltung der Nasdaq-Mindestgebotsanforderung von 1,00 $ wiederhergestellt, was die fortgesetzte Listung am Nasdaq Capital Market sichert. Das Unternehmen hatte zuvor am 22. Oktober 2024 eine Mitteilung über die Nichtkonformität erhalten und war für eine Berufungsverhandlung am 17. Dezember 2024 angesetzt, die nun nach der Bestätigung der Konformität abgesagt wurde. HeartCore, ein in Tokio ansässiges Unternehmen für Unternehmenssoftware und Datenberatung, wird seinen Status an der Nasdaq Stock Market aufrechterhalten.

Positive
  • Regained Nasdaq listing compliance, avoiding potential delisting
  • Maintains access to public capital markets through continued Nasdaq listing
Negative
  • Recent trading history showed stock price below $1.00, triggering initial non-compliance notice

Insights

Regaining Nasdaq compliance is a important development for HeartCore, removing a significant near-term risk of delisting. With a micro-cap valuation of $22.4M, maintaining Nasdaq listing is vital for market visibility and investor access. The swift compliance achievement, likely through natural price appreciation rather than a reverse split, suggests improving market sentiment. However, investors should note that small-cap stocks often face recurring listing compliance challenges and the company must sustain a bid price above $1.00 to avoid future deficiency notices. The stock's continued Nasdaq presence provides better trading liquidity and institutional investment opportunities compared to OTC markets.

NEW YORK and TOKYO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced today that it has received written notice from the Nasdaq Stock Market LLC that the Company demonstrated compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) and that the Company is therefore in compliance with the Nasdaq Capital Market’s listing requirements. As a result, the Company’s securities will continue to be listed and traded on The Nasdaq Stock Market.

As previously disclosed, on October 22, 2024, the Company received written notice from the Nasdaq Listing Qualifications Department indicating that it was then not in compliance with the Minimum Bid Price Requirement for continued listing on the Nasdaq Capital Market. HeartCore was set to appeal the determination at hearing scheduled for December 17, 2024. The hearing has now been cancelled as the Company regained compliance with the Minimum Bid Price Requirement.

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 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 IPOSM 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 Statements
All 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 Yi
HTCR@gateway-grp.com 
(949) 574-3860


FAQ

When did HeartCore (HTCR) regain Nasdaq compliance?

HeartCore regained compliance with Nasdaq's minimum bid price requirement in November 2024, as announced on November 5, 2024.

What was the minimum bid price requirement HeartCore (HTCR) needed to meet?

HeartCore needed to meet Nasdaq's minimum bid price requirement of $1.00 per share to maintain its listing on the Nasdaq Capital Market.

When did HeartCore (HTCR) receive the initial Nasdaq non-compliance notice?

HeartCore received the initial non-compliance notice from Nasdaq on October 22, 2024.

Heartcore Enterprises, Inc.

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