Following this transaction, Yamamoto holds 10,684,473 shares directly in the $35.38 million market cap company. Additionally, Yamamoto acquired 45,938 shares through a grant under the company's 2023 Equity Incentive Plan. This grant was fully vested upon issuance and had no associated transaction cost. The filing also included a correction to the number of securities previously reported as beneficially owned, with the current total reflecting this adjustment. InvestingPro subscribers have access to 10+ additional insights about HTCR's insider trading patterns and financial performance. Following this transaction, Yamamoto holds 10,684,473 shares directly.
Additionally, Yamamoto acquired 45,938 shares through a grant under the company's 2023 Equity Incentive Plan. This grant was fully vested upon issuance and had no associated transaction cost. The filing also included a correction to the number of securities previously reported as beneficially owned, with the current total reflecting this adjustment.
In other recent news, HeartCore Enterprises has confirmed its compliance with Nasdaq's minimum bid price requirement, cancelling the previously scheduled hearing to appeal the non-compliance notice. This development ensures HeartCore's continued listing on the Nasdaq Capital Market. The Tokyo-based enterprise software and consulting services firm has also announced a significant shift towards a Software (ETR:SOWGn) as a Service (SaaS) model for its content management system platform, which is expected to drive a 115% sales growth. This strategic shift is accompanied by the company's forecast of Q3 2024 revenues between $17 million and $19 million, indicating a substantial year-over-year increase.
In addition to its SaaS transition, HeartCore has entered into collaborations with Tosho Computer Systems Co., Ltd. and Fourmix Co., Ltd. These partnerships aim to boost sales of its investor relations support tool, irVision, and integrate its Content Management System platform into Fourmix's operations, respectively. At the company's annual virtual meeting of stockholders, all six nominees for the Board of Directors were elected to serve a one-year term and a reverse stock split of HeartCore's common stock was approved. These are among the recent developments at HeartCore Enterprises.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.