Lucosky Brookman Represents HeartCore Enterprises in $27 Million Capital Raise with Crom Structured Opportunities
HeartCore Enterprises, Inc. (Nasdaq: HTCR), a leading enterprise software and digital transformation company headquartered in Tokyo, has entered into a structured capital agreement with Crom Structured Opportunities Fund I, LP to support its strategic M&A initiatives and maintain compliance with Nasdaq listing requirements.
The transaction includes the sale of up to 2,000 shares of Series A Convertible Preferred Stock for gross proceeds of $2 million, each share priced at $1,000 with a stated value of $1,100. Additionally, under a separate Equity Purchase Agreement, HeartCore has the right to sell up to $25 million of its common stock, listed on the Nasdaq Capital Market.
The newly raised capital will support several key corporate initiatives:
- Execution of HeartCore’s M&A strategy, targeting software companies with recurring revenue, AI capabilities, and complementary technology
- Strengthening of the Company’s equity position in support of Nasdaq Capital Market compliance
- Continued expansion of HeartCore’s enterprise SaaS and digital transformation platforms
HeartCore currently serves over 1,000 software customers globally through its CXM Platform, robotics process automation, and Go IPO™ consulting services, helping Japanese-based companies access U.S. capital markets.
Lucosky Brookman LLP served as legal counsel to HeartCore Enterprises.
This latest financing provides HeartCore with the flexibility and runway to scale its operations and unlock additional shareholder value through strategic growth.