TechMediaBreaks – HeartCore Enterprises, Inc. (NASDAQ: HTCR) Enters Agreements for up to $27 Million to Fund M&A and Maintain Nasdaq Listing
HeartCore Enterprises (NASDAQ: HTCR), a Tokyo-based enterprise software and data consulting firm, announced it has entered into a Securities Purchase Agreement and an Equity Purchase Agreement with Crom Structured Opportunities Fund I, LP. The Company may issue up to $2 million in Series A Convertible Preferred Stock and sell up to $25 million in common stock over time under the agreements. HeartCore intends to use the proceeds to advance its M&A strategy—focusing on recurring revenue, AI-driven tech, and cross-sell opportunities—and to meet Nasdaq’s $2.5 million minimum equity requirement for continued listing under Rule 5550(b). To view the full press release,…