---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032253"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:53:42.217938+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HeartCore lends $400K to 51%-owned subsidiary Sigmaways at 0.1% interest

## Summary
- HeartCore loaned $400,000 to Sigmaways (51% owned) via promissory note at 0.1% simple interest, maturing Sept 1, 2026.
- Of the loan, $300,000 will be on-lent to Sabatini Global via Lucca Unlimited LLC note at 4% simple interest, due Sept 2, 2026.
- Sigmaways Note carries default interest of 10% per annum; prepayment without penalty is allowed.
- Sabatini Note includes forgiveness of annual payments if Lucca meets revenue targets, customer satisfaction, and compliance conditions.
- Sabatini Note is personally guaranteed by Andrew Sabatini and his affiliate Lucca's sole partner.

## SEC filing metadata
- accession: 0001493152-23-032253
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/0001493152-23-032253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032253
- JSON: https://secwatch.observer/filing/0001493152-23-032253.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032253.txt

## Key facts
- Debt Financings
  HeartCore Enterprises, Inc. incurred loan of $400,000 with Sigmaways, Inc. at 0.1% per annum, simple interest maturing September 1, 2026.
  - Instrument: loan
  - Principal: $400,000
  - Counterparty: Sigmaways, Inc.
  - Rate: 0.1% per annum, simple interest
  - Maturity: September 1, 2026
  - Event: incurrence
  source text: On September 1, 2023, Sigmaways issued to the Company the Sigmaways Note in the principal amount of $400,000. The Sigmaways Note bears interest at the rate of 0.1% per annum, simple interest, and has a maturity date of September 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/0001493152-23-032253-index.htm
- Material Agreements
  HeartCore Enterprises, Inc. entered into Loan and NPA with Sigmaways, Inc., a 51% owned subsidiary of the Company ('Sigmaways') valued at $400,000 (effective 2023-09-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sigmaways, Inc., a 51% owned subsidiary of the Company ('Sigmaways')
  - Value: $400,000
  - Effective: 2023-09-01
  source text: On September 1, 2023, HeartCore Enterprises, Inc. (the “Company”) entered into a loan and note purchase agreement (the “Loan and NPA”) with Sigmaways, Inc., a 51% owned subsidiary of the Company (“Sigmaways”). Pursuant to the terms of the Loan and NPA, the Company agreed to loan to Sigmaways $400,000 (the “Loan”), which Loan will be evidenced by a promissory note between the Company and Sigmaways (the “Sigmaways Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/0001493152-23-032253-index.htm

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