secwatch / observer
8-K filed October 31, 2025, 7:59 PM ET ticker HTCR CIK 0001892322
M&A confidence high sentiment positive materiality 0.75

HeartCore sells software subsidiary for ~$12M; shifts to Go IPO consulting

HeartCore Enterprises, Inc.

Machine-readable event card

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0001493152-25-020313
form_type
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ticker
HTCR
cik
0001892322
company_name
HeartCore Enterprises, Inc.
filed_at
2025-10-31T23:59:59+00:00
discovered_at
2026-05-14T18:02:40.996357+00:00
generated_at
2026-05-17T01:08:46.762657+00:00
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positive
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0.75
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https://www.sec.gov/Archives/edgar/data/1892322/000149315225020313/0001493152-25-020313-index.htm
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https://www.sec.gov/Archives/edgar/data/1892322/000149315225020313/form8-k.htm
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Source-grounded claims

df23343ee833f60c1da30a56668b78ad03b2dbae

HeartCore Enterprises, Inc. completed a disposition involving Smith Japan Holdings KK for ¥1,800,418,650 (equivalent to approximately $12 million) (closed 2025-10-31).

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 7.01, 8.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

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same fact type: ma_transaction same SEC item: 2.01, 7.01, 8.01, 9.01 same event type: m_and_a similar materiality

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of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

Comparable filing

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

Comparable filing

KUBRA became an indirect wholly owned subsidiary of the Company. Pursuant to the Purchase Agreement, the aggregate cash purchase price for the Acquisition was approximately $372 million, subject to customary post-closing adjustments. The closing cash consideration was funded with a combination of cash on hand and borrowings under the Credit Agreement described

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Braemar Hotels & Resorts Inc. June 1, 2026, 4:11 PM ET m_and_a Items 2.01, 7.01, 8.01, 9.01

same fact type: ma_transaction same SEC item: 2.01, 7.01, 8.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

Comparable filing

On May 26, 2026, Ashford BC LP and Ashford TRS BC LLC (together “Seller”), indirect subsidiaries of Braemar Hotels & Resorts Inc. (the “Company”), completed the sale of the Park Hyatt Beaver Creek Resort & Spa located in Avon, Colorado (the “Hotel”) pursuant to an Agreement of Purchase and Sale, dated as of April 27, 2026, by and among Seller and Apres Owner, LLC, as purchaser, for $176 million in cash, subject to customary pro-rations and adjustments.

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 8.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

Comparable filing

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Filing page SEC filing

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

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of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

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same fact type: ma_transaction same SEC item: 1.01, 2.01, 7.01, 9.01 same event type: m_and_a similar materiality

This filing

of HeartCore Inc., a wholly owned subsidiary of the Company (“HeartCore Japan”). Pursuant to the terms of the Purchase Agreement, the purchase price of the Share Purchase is ¥1,800,418,650 (equivalent to approximately $12 million, based on the October 24, 2025 Federal Reserve conversion rate of ¥152.82 = USD $1) (the “Purchase Price”), subject to adjustment as set

Comparable filing

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Source: SEC EDGAR
accession 0001493152-25-020313

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