HeartCore Enterprises (HTCR) Signs Tenth Go IPO Contract

HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading software development company offering Customer Experience Management Platform (“CXM Platform”) and Digital Transformation (“DX”), announced that it has signed an agreement (“Consulting Agreement”) with rYojbaba Inc. (“rYojbaba”) for its tenth Go IPO consulting service win.

As part of the Consulting Agreement, HeartCore will assist rYojbaba 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 rYojbaba an aggregate of $500,000 in initial fees. In addition, the Company has received a warrant to acquire 3% of rYojbaba’s common stock, on a fully diluted basis.

Furthermore, HeartCore announced that it received $4.1 million of SYLA Technologies’ common stock following its recent IPO in conjunction with $450,000 of AERWINS’ common stock, both valued as of March 31, 2023.

“We are encouraged by our 10th Go IPO win and by the warrants we’ve recently received from our prior Go IPO clients, which adds up to nearly $4.5 million,” said CEO Sumitaka Yamamoto. “The case studies of SYLA and AERWINS serve as prime examples of our clients that have funneled through the Go IPO cycle; it is certainly one that greatly benefits HeartCore. Given the progress being made throughout all fronts of our organization, in addition to all of our existing clients within the Go IPO pipeline primed to go public by the end of this year, we believe we’re poised for a robust 2023.”

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