secwatch.observer — SEC 8-K summary
======================================

Issuer:     HeartCore Enterprises, Inc. (HTCR)
CIK:        0001892322
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001493152-23-032253
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/0001493152-23-032253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892322/000149315223032253/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032253

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer