8-K - HeartCore Enterprises, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

HeartCore Enterprises, Inc. will implement a 1-for-20 reverse stock split effective April 2, 2026, to increase its share price and regain compliance with Nasdaq's minimum bid price requirement.

Key Takeaways

1The Board of Directors approved a 1-for-20 reverse stock split, with the split becoming effective on April 2, 2026, at 4:00 p.m. Eastern Time.

2The reverse split is intended to increase the per-share price to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing.

3Trading on a split-adjusted basis under a new CUSIP number (42240Q 203) is expected to begin on the Nasdaq Capital Market on April 6, 2026.

4Stockholders approved the reverse split on June 30, 2025, authorizing a ratio between 1-for-2 and 1-for-30, with the final 1-for-20 ratio determined by the Board.

5The authorized number of shares and par value per share will not change, and proportional adjustments will be made to outstanding equity awards and plan reserves.

6Stockholders holding shares electronically or through brokers do not need to take action; those with physical certificates will receive instructions from transfer agent Transhare Corporation.

Current Report Details

Event Type

Regulation Fd

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

7.01

shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy

Regulation Fd

8.01

. Other Events.** As previously disclosed, on June 30, 2025, the Company’s stockholders approved a reverse stock split of the Company’s common stock, at a ratio

Other Event

$1.0M

9.01

. Financial Statements and Exhibits.** (d) Exhibits. | Exhibit No. | | Description | |---|---|---| | 99.1 | | Press release of the issuer dated April 1, 2026. |

Exhibits Only

Source Document

Exhibits (2)

8-K

99.1

EX-99.1