{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-003713","form_type":"8-K","ticker":"HTCR","cik":"0001892322","company_name":"HeartCore Enterprises, Inc.","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.385960+00:00","generated_at":"2026-06-20T00:29:33.357955+00:00","sec_items":["1.01","2.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"HeartCore acquires 51% of Sigmaways for 2M shares, $1M cash and warrant; appoints CEO Sadasivam as CSO and Board member","bullets":["Acquired 229,500 shares (51%) of Sigmaways from Prakash Sadasivam; consideration includes 2,000,000 HeartCore common shares, $1,000,000 cash, and a warrant for 1,900,000 shares at $1.17/share.","Warrant exercisable until February 12, 2025, with a 9.99% beneficial ownership blocker.","HeartCore to deposit $2,000,000 into a dedicated account post-closing to expand Sigmaways' business, with board approval required for project funds over $50,000.","Prakash Sadasivam appointed Chief Strategy Officer and Board member (expanding Board to eight); employment agreement: $96,000 annual salary plus annual equity grants equal to 30% of base salary.","Financial statements and pro forma for the acquisition to be filed by amendment within 71 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-003713","json":"https://secwatch.observer/filing/0001493152-23-003713.json","markdown":"https://secwatch.observer/filing/0001493152-23-003713.md","text":"https://secwatch.observer/filing/0001493152-23-003713.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/0001493152-23-003713-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:29:33.357955+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"99296a51b1","claim":"Prakash Sadasivam was appointed as Chief Strategy Officer at HeartCore Enterprises, Inc..","evidence_excerpt":"Mr. Sadasivam was appointed to serve as the Company's Chief Strategy Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/0001493152-23-003713-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Strategy Officer"}],"fact_type":"executive_change"},{"claim_id":"de3cce7d1c","claim":"Prakash Sadasivam was appointed as Member of the Board of Directors at HeartCore Enterprises, Inc..","evidence_excerpt":"the Board expanded the size of the Board from seven persons to eight persons, and named Mr. Sadasivam to serve as a member of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/0001493152-23-003713-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Member of the Board of Directors"}],"fact_type":"executive_change"},{"claim_id":"b07eb1d64bbaea11db58859bbf5b0c9dbba0593c","claim":"HeartCore Enterprises, Inc. completed an acquisition involving Prakash Sadasivam for $1,000,000 (closed 2023-02-01).","evidence_excerpt":"things, the Company agreed, in exchange for the Sigmaways shares, to (i) issue to Mr. Sadasivam 2,000,000 shares of the Company’s common stock, (ii) pay to Mr. Sadasivam $1,000,000 (the “Cash Purchase Price”); and (iii) issue to Mr. Sadasivam a common stock purchase warrant (the “Warrant”) to acquire 1,900,000 shares of the Company’s common stock. In","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/0001493152-23-003713-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Prakash Sadasivam"},{"label":"Consideration","value":"$1,000,000"},{"label":"Closing","value":"2023-02-01"}],"fact_type":"ma_transaction"},{"claim_id":"3477a3c9a67e95ca1cc5c205eb9df44dcf489077","claim":"HeartCore Enterprises, Inc. amended Amendment No. 2 with Sigmaways, Inc. and Prakash Sadasivam (effective 2023-02-01).","evidence_excerpt":"On February 1, 2023, the Company, Sigmaways and Mr. Sadasivam entered into Amendment No. 2 (“Amendment No. 2”) to the Sigmaways Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892322/000149315223003713/0001493152-23-003713-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Sigmaways, Inc. and Prakash Sadasivam"},{"label":"Effective","value":"2023-02-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}