HeartCore’s Go IPO Client, BloomZ, Begins Trading on the Nasdaq Stock Exchange
HeartCore Enterprises, Inc. (Nasdaq: HTCR) announced that its Go IPO client, BloomZ Inc., has successfully begun trading on the Nasdaq Capital Market under the symbol BLMZ. HeartCore, a Tokyo-based enterprise software and consulting services company, received $500,000 in initial fees and warrants to acquire 4% of BloomZ's common stock, valued at up to $2.08 million. The company assisted BloomZ throughout the listing process, including audit and legal firm hiring, document translation, and F-1 filing preparation.
CEO Sumitaka Kanno Yamamoto highlighted that BloomZ's IPO is the first from Japan since September 2023, potentially signaling a new wave of Japanese IPOs. HeartCore's Financial team remains focused on providing value to Japanese issuers seeking access to U.S. capital markets.
HeartCore Enterprises, Inc. (Nasdaq: HTCR) ha annunciato che il suo cliente Go IPO, BloomZ Inc., ha iniziato con successo a trattare sul Nasdaq Capital Market con il simbolo BLMZ. HeartCore, un'azienda di software e servizi di consulenza con sede a Tokyo, ha ricevuto 500.000 dollari in fee iniziali e warrants per acquisire il 4% delle azioni ordinarie di BloomZ, valutate fino a 2,08 milioni di dollari. L'azienda ha assistito BloomZ durante tutto il processo di quotazione, compresa l'assunzione di società di audit e legali, traduzione dei documenti e preparazione della registrazione F-1.
Il CEO Sumitaka Kanno Yamamoto ha sottolineato che l'IPO di BloomZ è la prima dal Giappone da settembre 2023, suggerendo potenzialmente una nuova ondata di IPO giapponesi. Il team finanziario di HeartCore rimane concentrato nel fornire valore agli emittenti giapponesi in cerca di accesso ai mercati di capitali statunitensi.
HeartCore Enterprises, Inc. (Nasdaq: HTCR) anunció que su cliente Go IPO, BloomZ Inc., ha comenzado con éxito a cotizar en el Nasdaq Capital Market bajo el símbolo BLMZ. HeartCore, una empresa de software empresarial y servicios de consultoría con sede en Tokio, recibió $500,000 en tarifas iniciales y warrants para adquirir el 4% de las acciones ordinarias de BloomZ, valoradas en hasta $2.08 millones. La empresa asistió a BloomZ durante todo el proceso de listado, incluida la contratación de auditorías y firmas legales, traducción de documentos y preparación de la presentación F-1.
El CEO Sumitaka Kanno Yamamoto destacó que la IPO de BloomZ es la primera desde Japón desde septiembre de 2023, lo que podría señalar una nueva ola de IPOs japonesas. El equipo financiero de HeartCore sigue centrado en proporcionar valor a los emisores japoneses que buscan acceso a los mercados de capitales de EE. UU.
HeartCore Enterprises, Inc. (Nasdaq: HTCR)는 그들의 Go IPO 클라이언트인 BloomZ Inc.가 BLMZ 기호로 Nasdaq Capital Market에서 성공적으로 거래를 시작했다고 발표했습니다. 도쿄에 본사를 둔 소프트웨어 및 컨설팅 서비스 회사인 HeartCore는 BloomZ의 보통주 4%를 인수하기 위해 $500,000의 초기 수수료와 워런트를 받았으며, 이는 최대 $2.08 백만으로 평가됩니다. 이 회사는 감사 및 법률 회사 고용, 문서 번역 및 F-1 제출 준비 등 상장 과정 전반에 걸쳐 BloomZ를 지원했습니다.
CEO 스미타카 칸노 야마모토는 BloomZ의 IPO가 2023년 9월 이후 일본에서 첫 번째로, 새로운 일본 IPO의 물결을 알릴 수 있다고 강조했습니다. HeartCore의 금융팀은 미국 자본 시장에 접근하려는 일본 발행인에게 가치를 제공하는 데 집중하고 있습니다.
HeartCore Enterprises, Inc. (Nasdaq: HTCR) a annoncé que son client Go IPO, BloomZ Inc., a commencé avec succès à négocier sur le Nasdaq Capital Market sous le symbole BLMZ. HeartCore, une entreprise de logiciels d'entreprise et de services de conseil basée à Tokyo, a reçu 500 000 $ en frais initiaux et des warrants pour acquérir 4% des actions ordinaires de BloomZ, évaluées jusqu'à 2,08 millions de dollars. L'entreprise a assisté BloomZ tout au long du processus d'inscription, y compris l'embauche de cabinets d'audit et d'avocats, la traduction de documents et la préparation de la déclaration F-1.
Le PDG Sumitaka Kanno Yamamoto a souligné que l'IPO de BloomZ est la première du Japon depuis septembre 2023, ce qui pourrait signaler une nouvelle vague d'IPO japonaises. L'équipe financière de HeartCore reste concentrée sur la création de valeur pour les émetteurs japonais cherchant à accéder aux marchés de capitaux américains.
HeartCore Enterprises, Inc. (Nasdaq: HTCR) hat angekündigt, dass ihr Go IPO-Kunde BloomZ Inc. erfolgreich unter dem Symbol BLMZ am Nasdaq Capital Market gehandelt wird. HeartCore, ein in Tokio ansässiges Unternehmen für Unternehmenssoftware und Beratungsdienste, erhielt 500.000 US-Dollar an anfänglichen Gebühren und Warrants zum Erwerb von 4% der Stammaktien von BloomZ, die auf bis zu 2,08 Millionen US-Dollar geschätzt werden. Das Unternehmen unterstützte BloomZ während des gesamten Listings-Prozesses, einschließlich der Einstellung von Wirtschaftsprüfungs- und Rechtsanwaltskanzleien, der Dokumentenübersetzung und der Vorbereitung der F-1-Einreichung.
CEO Sumitaka Kanno Yamamoto hob hervor, dass die IPO von BloomZ die erste aus Japan seit September 2023 ist, was möglicherweise eine neue Welle japanischer IPOs signalisieren könnte. Das Finanzteam von HeartCore konzentriert sich weiterhin darauf, japanischen Emittenten, die Zugang zu den US-Kapitalmärkten suchen, Mehrwert zu bieten.
- HeartCore received $500,000 in initial fees for its Go IPO services
- HeartCore acquired warrants for 4% of BloomZ's common stock, valued at up to $2.08 million
- BloomZ's successful IPO may lead to more Japanese companies seeking HeartCore's Go IPO services
- None.
HeartCore Enterprises' announcement of BloomZ's successful IPO on Nasdaq represents a significant milestone for both companies. The deal structure, involving
The IPO's timing is particularly noteworthy, being the first from Japan since September 2023. This could signal a resurgence in Japanese companies seeking U.S. listings, which may translate to increased demand for HeartCore's services. The mention of an optimistic backlog for incremental Go IPO deals suggests potential for sustained growth in this business segment.
However, investors should note that the success of HeartCore's Go IPO business is tied to market conditions and regulatory environments in both Japan and the U.S. Any changes in these factors could impact the company's future performance in this area. Additionally, the value of the warrants is subject to BloomZ's stock performance, introducing an element of market risk to HeartCore's compensation package.
BloomZ's successful listing on Nasdaq, facilitated by HeartCore, is a significant development in the context of cross-border IPOs. This event could potentially reignite interest in U.S. listings among Japanese companies, which had seen a lull since September 2023. The successful IPO might serve as a confidence booster for other Japanese firms contemplating similar moves, potentially leading to a 'second wave' of Japanese IPOs on U.S. exchanges.
This trend, if it materializes, could have broader implications for both the U.S. and Japanese markets. For U.S. investors, it could mean increased access to Japanese growth companies. For Japanese firms, it represents an opportunity to tap into the deeper, more liquid U.S. capital markets. However, it's important to consider that this trend will depend on various factors, including regulatory environments, market conditions and geopolitical relations between the two countries.
HeartCore's role in this process positions it as a key player in facilitating these cross-border listings. The company's comprehensive services, from audit and legal firm hiring to document translation and F-1 filing preparation, demonstrate the complexity of such transactions and the value-add HeartCore provides. This could potentially create a moat for HeartCore in this niche market, assuming they can maintain their expertise and success rate.
NEW YORK and TOKYO, July 25, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and consulting services company based in Tokyo, announced its Go IPO client, BloomZ Inc. (“BloomZ”), has successfully commenced trading under the symbol “BLMZ” on the Nasdaq Capital Market exchange. HeartCore was compensated through an aggregate
Pursuant to the initial agreement, the Company assisted BloomZ throughout the listing process, including 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, providing general support services, assisting in the preparation of the F-1 filing, and more.
“I am pleased to announce that our Go IPO client, BloomZ, has successfully begun trading on the Nasdaq Capital Market,” said CEO Sumitaka Kanno Yamamoto. “BloomZ’s IPO is the first from Japan since September 2023, marking the conclusion of a minor drought and a pivotal milestone for our client. We are hopeful this event marks the genesis of a second wave of Japanese IPOs as the backlog for incremental Go IPO deals look optimistic. Our HeartCore Financial team remains laser focused and hard at work in providing utmost value to Japanese issuers looking to tap into the U.S. capital markets.”
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 the 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
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