regulatory
confidence high
sentiment negative
materiality 0.75
HeartCore to appeal Nasdaq delisting; preliminary Q3 revenue up 263-305% YoY
HeartCore Enterprises, Inc.
- Received Nasdaq notice on Oct 22, 2024 for non-compliance with $1 minimum bid price; trading suspended Oct 31 if no appeal.
- Intends to timely appeal; hearing request will stay suspension pending Panel decision.
- Preliminary Q3 2024 revenue $17-19M (YoY +263-305%); net income $9-11M.
- Prior compliance period expired Oct 21, 2024; company had been granted additional 180 days in April 2024.