---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-059980"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T10:37:51.495310+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HeartCore secures up to $27M financing: $25M equity line + $2M convertible preferred from Crom Fund

## Summary
- Equity Purchase Agreement: HeartCore may sell up to $25M of common stock to Crom over 24 months at a discount of 50% of average daily trading volume.
- Securities Purchase Agreement: Crom buys 2,000 shares of Series A Convertible Preferred at $1,000/share ($2M gross), stated value $1,100/share.
- Conversion price for preferred is 90% of avg of two lowest VWAPs over prior 5 trading days; 750,000 common shares issued to Crom for no additional cost.
- Proceeds to support M&A strategy, software growth initiatives, and Nasdaq equity compliance (minimum $2.5M stockholders' equity).
- Company may not issue more than 19.99% of outstanding common stock without stockholder approval under Nasdaq rules.

## SEC filing metadata
- accession: 0001213900-25-059980
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000121390025059980/0001213900-25-059980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000121390025059980/ea0247688-8k_heart.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-059980
- JSON: https://secwatch.observer/filing/0001213900-25-059980.json
- Plain text: https://secwatch.observer/filing/0001213900-25-059980.txt

## Key facts
- Governance Changes
  HeartCore Enterprises, Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock (effective 2025-06-30).
  - Change: charter amendment
  - Effective: 2025-06-30
  source text: On June 30, 2025, the Company filed a Certificate of Designations of Preferences, Rights and Limitations of the Series A Convertible Preferred Stock (“Certificate of Designation”) with the Secretary of State of the State of Delaware.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000121390025059980/0001213900-25-059980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.