HeartCore enters $5M at-the-market stock offering with Sutter Securities

HeartCore Enterprises, Inc.

Up to $5,000,000 of common stock may be sold from time to time through Sales Agent Sutter Securities.
Sales will be made via 'at the market' method using existing effective shelf registration statement (File No. 333-270503).
Sales Agent receives discount/commission as per Schedule 3; Net proceeds delivered on T+2 settlement.
Agreement may be terminated by either party on 10 days' notice, or earlier under certain conditions.
No short selling by Sales Agent during term; sales suspended if Company has material non-public info.

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 Common Stock Sales Agreement with Sutter Securities, Inc. valued at up to $5,000,000 (effective 2023-05-29).

Action: entry
Agreement: atm program
Counterparty: Sutter Securities, Inc.
Value: up to $5,000,000
Effective: 2023-05-29

Exact text from the filing

On May 29, 2023, HeartCore Enterprises, Inc. (the “Company”) entered into that Common Stock Sales Agreement (the “Agreement”) by and between the Company and Sutter Securities, Inc. (the “Sales Agent”). Pursuant to the terms of the Agreement, the parties agreed that, from time to time during the term of the Agreement, the Company would issue and sell through the Sales Agent common stock of the Company having an aggregate offering price of up to $5,000,000 (the “Placement Shares”).

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-019518

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