---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-004170"
form_type: "8-K/A"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:28:45.045896+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HeartCore corrects Sigmaways acquisition warrant from 1.9M to 737,500 shares

## Summary
- Acquired 51% of Sigmaways for 2M shares, $1M cash, plus a warrant corrected to 737,500 shares (down from 1.9M).
- Amended warrant exercisable until Feb 12, 2025 at $1.17/share, with 9.99% equity blocker.
- Prakash Sadasivam appointed Chief Strategy Officer and Board member with $96,000 annual salary and equity grants.
- Company deposited $2M into dedicated account to expand Sigmaways business.
- Outstanding shares post-closing: 19,649,886; correction reduces potential dilution.

## SEC filing metadata
- accession: 0001493152-23-004170
- form_type: 8-K/A
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 1.01, 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/0001493152-23-004170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-004170
- JSON: https://secwatch.observer/filing/0001493152-23-004170.json
- Plain text: https://secwatch.observer/filing/0001493152-23-004170.txt

## Key facts
- Executive change
  Prakash Sadasivam was appointed as Chief Strategy Officer at HeartCore Enterprises, Inc..
  - Action: appointed
  - Role: Chief Strategy Officer
  source text: On February 1, 2023, Mr. Sadasivam was appointed to serve as the Company’s Chief Strategy Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/0001493152-23-004170-index.htm
- Executive change
  Prakash Sadasivam was appointed as Member of the Board of Directors at HeartCore Enterprises, Inc..
  - Action: appointed
  - Role: Member of the Board of Directors
  source text: In addition, on February 1, 2023, 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, to fill the vacancy created by the increase in the size of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/0001493152-23-004170-index.htm
- M&A Transactions
  HeartCore Enterprises, Inc. completed an acquisition involving Sigmaways, Inc. and Prakash Sadasivam (closed 2023-02-01).
  - Action: acquisition
  - Counterparty: Sigmaways, Inc. and Prakash Sadasivam
  - Closing: 2023-02-01
  source text: On February 1, 2023, the acquisition of 51% of Sigmaways’ outstanding shares by the Company (the “Acquisition”) closed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/0001493152-23-004170-index.htm
- Material Agreements
  HeartCore Enterprises, Inc. amended Amendment No. 2 with Sigmaways, Inc. and Prakash Sadasivam valued at $1,000,000 (effective 2023-02-01).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Sigmaways, Inc. and Prakash Sadasivam
  - Value: $1,000,000
  - Effective: 2023-02-01
  source text: On February 1, 2023, the Company, Sigmaways and Mr. Sadasivam entered into Amendment No. 2 (“Amendment No. 2”) to the Sigmaways Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223004170/0001493152-23-004170-index.htm

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