secwatch.observer — SEC 8-K summary
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Issuer:     HeartCore Enterprises, Inc. (HTCR)
CIK:        0001892322
Form:       8-K/A
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001493152-23-012287
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01, 2.01, 1.01, 5.02, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223012287/0001493152-23-012287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223012287/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-012287

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