HeartCore Signs 16th Go IPO Contract
HeartCore Enterprises (Nasdaq: HTCR) has secured its 16th Go IPO consulting contract with Cipher Core Co., Ltd. The agreement includes $500,000 in fees and warrants to acquire 3% of Cipher Core's capital stock on a fully diluted basis. The contract aims to assist Cipher Core in listing on the Nasdaq Stock Market.
HeartCore's CEO Sumitaka Kanno highlighted continued interest from Japanese growth companies in U.S. listings despite challenging market conditions. The company's Go IPO services include comprehensive support in underwriter selection, document translation, accounting standards conversion, and S-1/F-1 filing preparation.
HeartCore Enterprises (Nasdaq: HTCR) ha ottenuto il suo 16° contratto di consulenza Go IPO con Cipher Core Co., Ltd. L'accordo prevede 500.000 dollari di compensi e warrant per acquisire il 3% del capitale sociale di Cipher Core su base completamente diluita. Il contratto mira ad assistere Cipher Core nella quotazione al Nasdaq Stock Market.
Il CEO di HeartCore, Sumitaka Kanno, ha sottolineato il continuo interesse delle aziende giapponesi in crescita verso le quotazioni negli Stati Uniti, nonostante le condizioni di mercato difficili. I servizi Go IPO dell'azienda includono un supporto completo nella selezione degli underwriter, nella traduzione dei documenti, nella conversione degli standard contabili e nella preparazione della documentazione S-1/F-1.
HeartCore Enterprises (Nasdaq: HTCR) ha asegurado su 16º contrato de consultoría Go IPO con Cipher Core Co., Ltd. El acuerdo incluye 500,000 dólares en honorarios y warrants para adquirir el 3% del capital social de Cipher Core en base totalmente diluida. El contrato tiene como objetivo ayudar a Cipher Core a cotizar en el Nasdaq Stock Market.
El CEO de HeartCore, Sumitaka Kanno, destacó el interés continuo de las empresas japonesas en crecimiento por las cotizaciones en EE.UU., a pesar de las condiciones desafiantes del mercado. Los servicios Go IPO de la compañía incluyen apoyo integral en la selección de suscriptores, traducción de documentos, conversión de normas contables y preparación de la presentación S-1/F-1.
HeartCore Enterprises (나스닥: HTCR)가 Cipher Core Co., Ltd.와 16번째 Go IPO 컨설팅 계약을 체결했습니다. 이 계약에는 50만 달러의 수수료와 완전 희석 기준으로 Cipher Core의 3% 지분 취득 권리가 포함되어 있습니다. 이 계약은 Cipher Core가 나스닥 증권거래소에 상장하는 데 도움을 주기 위한 것입니다.
HeartCore의 CEO인 Sumitaka Kanno는 어려운 시장 상황에도 불구하고 일본 성장 기업들의 미국 상장에 대한 지속적인 관심을 강조했습니다. 회사의 Go IPO 서비스는 인수인 선정, 문서 번역, 회계 기준 변환, S-1/F-1 제출 준비 등 포괄적인 지원을 포함합니다.
HeartCore Enterprises (Nasdaq : HTCR) a obtenu son 16e contrat de conseil Go IPO avec Cipher Core Co., Ltd. L'accord comprend 500 000 dollars de frais ainsi que des bons de souscription permettant d'acquérir 3 % du capital de Cipher Core sur une base totalement diluée. Ce contrat vise à aider Cipher Core à s'introduire en bourse sur le Nasdaq.
Le PDG de HeartCore, Sumitaka Kanno, a souligné l'intérêt constant des entreprises japonaises en croissance pour les introductions en bourse aux États-Unis, malgré des conditions de marché difficiles. Les services Go IPO de la société incluent un soutien complet pour la sélection des souscripteurs, la traduction des documents, la conversion des normes comptables et la préparation du dépôt S-1/F-1.
HeartCore Enterprises (Nasdaq: HTCR) hat seinen 16. Go IPO Beratungsvertrag mit der Cipher Core Co., Ltd. abgeschlossen. Die Vereinbarung umfasst Gebühren in Höhe von 500.000 USD sowie Optionsscheine zum Erwerb von 3 % des Grundkapitals von Cipher Core auf voll verwässerter Basis. Der Vertrag zielt darauf ab, Cipher Core bei der Notierung an der Nasdaq Stock Market zu unterstützen.
Der CEO von HeartCore, Sumitaka Kanno, hob das anhaltende Interesse japanischer Wachstumsunternehmen an US-Börsengängen trotz herausfordernder Marktbedingungen hervor. Die Go IPO-Dienstleistungen des Unternehmens umfassen umfassende Unterstützung bei der Auswahl von Underwritern, Dokumentenübersetzung, Umstellung der Rechnungslegungsstandards und Vorbereitung der S-1/F-1 Einreichung.
- Secured new Go IPO contract worth $500,000 plus 3% equity warrants
- Second Go IPO contract of the year showing continued business momentum
- Strong pipeline with multiple Asia-based clients expected to list later this year
- Additional revenue potential through hourly billing if contract extends beyond 12 months
- Challenging IPO market conditions could affect success rate and timeline
- Warrant shares value dependent on successful IPO execution
Insights
HeartCore secures 16th IPO consulting contract worth $500,000 plus 3% equity warrants, showing business momentum despite challenging market.
HeartCore's announcement of its 16th Go IPO consulting contract represents a meaningful business development in their IPO advisory services segment. The agreement with Cipher Core provides HeartCore with
The structure of the deal is noteworthy - HeartCore earns both cash and equity components, with the warrant shares being fully earned, vested, and non-returnable immediately upon signing. This means HeartCore captures value regardless of whether Cipher Core successfully lists. Should the consulting relationship extend beyond 12 months, the hourly compensation provides additional revenue protection.
Management's commentary suggests a cautiously optimistic outlook regarding their Go IPO pipeline. The CEO specifically mentioned that several Asia-based growth companies, including some HeartCore clients, are approaching finalization of U.S. listings later this year. These successful listings could serve as proof points that drive additional business to HeartCore's consulting services.
For a company trading on Nasdaq, this type of consulting agreement represents HeartCore's continued execution of its business strategy connecting Asian companies to U.S. capital markets. The comprehensive services HeartCore provides - from underwriter selection to accounting standards conversion and regulatory filings - position them as a specialized player in cross-border IPO facilitation.
NEW YORK and TOKYO, July 02, 2025 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), a leading enterprise software and IPO consulting services company based in Tokyo, announced that it has signed an agreement (“Consulting Agreement”) with Cipher Core Co., Ltd. (“Cipher Core”) for its 16th Go IPO consulting service win.
As compensation for its services, Cipher Core will pay HeartCore an aggregate of
“Our second Go IPO contract for the year reflects the continued interest among Japanese growth companies in pursuing a U.S. listing amid a challenging IPO market,” said HeartCore CEO Sumitaka Kanno. “While we remain cautiously optimistic, our Go IPO pipeline continues to show momentum. We continue to engage in exploratory discussions with a number of companies across the Asia-Pacific region, many of whom are assessing the timing and viability of a U.S. listing. Encouragingly, several Asia-based growth companies, including a few of our own clients, are on track to finalize their listings later this year. We anticipate these upcoming listings will serve as a catalyst, prompting other companies weighing their options to accelerate their U.S. IPO plans. As deal activity picks up, we believe the groundwork we’re laying today will convert into meaningful deal inflow in the long-term.”
As part of the Consulting Agreement, HeartCore agreed to assist Cipher Core 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 underwriter, auditor, and legal firm hiring and negotiation process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an IPO or de-SPAC or other fundamental transactions, conversion of accounting data from Japanese standards to U.S. GAAP, providing support services to remove problematic accounting accounts upon listing, support creation of an English web page, preparation of an investor presentation and executive summary of the operations, provision of providing general support services, assisting in the preparation of an S-1 or F-1 filing, and more.
About Cipher Core Co., Ltd.
Cipher Core is an information security technology company in the age of AI and quantum computing. Cipher-Core has developed its proprietary encryption technology using “Complete Cipher,” which was initiated by Dr. Claude Elwood Shannon and perfected by Cipher-Core CEO. It provides the solution to the thread by the advancements of AI and quantum computing. It is highly regarded as the most advanced encryption solution capable of addressing next-generation information threats including cyber threats. Their encryption technology is also designed to meet the stringent security requirements envisioned for government agencies and critical infrastructure.
About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, with offices in New York and San Francisco, CA, HeartCore is a leading enterprise software and IPO 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 service 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.
John Yi and Steven Shinmachi
HTCR@gateway-grp.com
(949) 574-3860
