HeartCore Go IPO Client BloomZ Starts Trading on Nasdaq

NEW YORK and TOKYO, July 25, 2024 (GLOBE NEWSWIRE) — HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), HeartCore, a leading Tokyo-based enterprise software and consulting services company, announced that its Go IPO client, BloomZ Inc. (“BloomZ”), has successfully commenced trading under the symbol “BLMZ” on the Nasdaq Capital Market. HeartCore received consideration of $500,000 in upfront fees and warrants to purchase 4% of BloomZ common stock, on a fully diluted basis, for a total of $2.08 million.

Under the initial agreement, the Company provided BloomZ with support throughout the listing process, including recruiting an audit and law firm, translating required documents into English, assisting in preparing the internal control documentation required for the IPO, providing general support services, assisting in preparing the F-1 filing, and more.

“I am pleased to announce that our Go IPO client, BloomZ, has successfully commenced trading on the Nasdaq Capital Market,” said CEO Sumitaka Kanno Yamamoto. “BloomZ’s IPO is the first in Japan since September 2023, ending a minor drought and marking a key milestone for our client. We hope that this event will mark the beginning of a second wave of Japanese IPOs, as the waiting list for additional Go IPO transactions looks optimistic. Our team at HeartCore Financial remains focused and works hard to deliver the highest value to Japanese issuers looking to tap into the US capital markets.”

About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading enterprise software and consulting services company. HeartCore offers Software as a Service (SaaS) solutions to enterprise customers in Japan and around the world. The company also provides data analytics services that enable enterprises to create customized online experiences with best-in-class designs. HeartCore’s Customer Experience Management Platform (CXM Platform) includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable companies to improve customer experiences and increase engagement. HeartCore also operates a digital transformation business that provides customers with robotic process automation, process mining, and task mining to accelerate the digital transformation of enterprises. HeartCore’s GO IPOSM consulting services help Japanese companies go public in the U.S. Additional information about the company’s products and services is available at https://heartcore-enterprises.com/.

Forward-looking statements
All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place undue reliance on forward-looking statements because they involve known and unknown uncertainties and other factors, in some cases beyond HeartCore’s control, that could and likely will have a material effect on actual results and levels of activity, performance or achievement. Any forward-looking statements reflect HeartCore’s current views regarding future events and are subject to these and other risks, uncertainties and assumptions regarding operations, operating results, growth strategy and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The content of any website referenced in this press release is not incorporated herein by reference.

HeartCore Investor Contact:
Gateway Group, Inc.
Matt Glover and John Yi
[email protected]
(949) 574-3860