---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018967"
form_type: "8-K"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:49:12.514853+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HeartCore updates on $9M warrant sale; cash received, revenue deferred until client IPO in Fall 2024

## Summary
- Gross $9M from sale of Go IPO warrant to Japanese financial institution; $5M received Q1 2024, $4M in April.
- Referral fee of $3.36M paid to So Management Inc.; net proceeds of $5.64M.
- Revenue not recognized until client goes public (expected Fall 2024); $9M classified as debt on balance sheet.
- Three new Go IPO client wins YTD 2024 with ~$1.7M in initial fees and warrants of 2%–3%.
- CEO cites robust pipeline and positive IPO market outlook.

## SEC filing metadata
- accession: 0001493152-24-018967
- form_type: 8-K
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315224018967/0001493152-24-018967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315224018967/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018967
- JSON: https://secwatch.observer/filing/0001493152-24-018967.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018967.txt

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