---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012287"
form_type: "8-K/A"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:11:12.716748+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HeartCore acquires 51% of Sigmaways; issues shares, cash, and warrant to founder

## Summary
- Acquired 51% of Sigmaways for 2,000,000 shares of common stock, $1,000,000 cash, and a warrant to purchase 737,500 shares (corrected from 1,900,000).
- Appointed Prakash Sadasivam as Chief Strategy Officer and to the Board, with annual salary of $96,000 and annual equity grants.
- Warrant subsequently exchanged for 500,000 shares of common stock on March 22, 2023.
- Company deposited $2,000,000 into dedicated account to expand Sigmaways' business.

## SEC filing metadata
- accession: 0001493152-23-012287
- form_type: 8-K/A
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01, 2.01, 1.01, 5.02, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315223012287/0001493152-23-012287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315223012287/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012287
- JSON: https://secwatch.observer/filing/0001493152-23-012287.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012287.txt

## Key facts
- Executive change
  Prakash Sadasivam was appointed as Director at HeartCore Enterprises, Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223012287/0001493152-23-012287-index.htm
- 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/1892322/000149315223012287/0001493152-23-012287-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
  - 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/1892322/000149315223012287/0001493152-23-012287-index.htm

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