---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020708"
form_type: "8-K/A"
ticker: "HTCR"
cik: "0001892322"
company_name: "HeartCore Enterprises, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:43:24.625869+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HeartCore clarifies post-sale equity over $5M; shifts strategy to Go IPO consulting

## Summary
- Sale of HeartCore Japan closed Oct 31 for ¥1.8B (~$12M), with deferred consideration of ¥387M at 6.65% interest due Oct 2028.
- Company now believes stockholders' equity exceeds $5M following the sale.
- Strategic pivot: exiting Japan software business to focus on Go IPO consulting; assessing divestiture of 51% Sigmaways stake.
- Purchase agreement includes holdback and long-term holdback amounts; transition services for six months.

## SEC filing metadata
- accession: 0001493152-25-020708
- form_type: 8-K/A
- ticker: HTCR
- cik: 0001892322
- company_name: HeartCore Enterprises, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892322/000149315225020708/0001493152-25-020708-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892322/000149315225020708/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020708
- JSON: https://secwatch.observer/filing/0001493152-25-020708.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020708.txt

## Source-grounded claims
- claim_id: e7a7e11a396767303c4cda6563c0f065e710019e
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892322/000149315225020708/0001493152-25-020708-index.htm

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