HeartCore lends $300K to ZEROSPO via 8% promissory note with 180-day maturity

HeartCore Enterprises, Inc.

Principal amount $300,000 with 8% annual interest; maturity within 180 days from May 2, 2023.
Note prepayable at ZEROSPO's option; default interest rate increases to 12% per annum.
Proceeds support ZEROSPO's capital-raising or Nasdaq listing milestones.
HeartCore is the buyer/lender; ZEROSPO is a Cayman Islands exempted company.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HeartCore Enterprises, Inc. entered into Note Purchase Agreement with ZEROSPO valued at $300,000 (effective 2023-05-02).

Action: entry
Agreement: notes offering
Counterparty: ZEROSPO
Value: $300,000
Effective: 2023-05-02

Exact text from the filing

On May 2, 2023, HeartCore Enterprises, Inc. (the “Company”) entered into that certain Note Purchase Agreement by and between the Company and ZEROSPO. Pursuant to the terms of the Note Purchase Agreement, ZEROSPO agreed to issue and sell to the Company, and the Company agreed to purchase, a promissory note in the principal amount of $300,000 (the “Note”).

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-015783

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