HeartCore Enterprises, Inc. Announces 1-for-20 Reverse Stock Split Effective April 2, 2026

Key Highlights:

• Reverse Stock Split Approved and Implemented: HeartCore Enterprises, Inc. (“the Company”) has implemented a 1-for-20 reverse stock split of its issued and outstanding common shares.
• Shareholder Approval and Board Discretion: The reverse split was previously approved by shareholders on June 30, 2025, authorizing a ratio of not less than 1-for-2 and not more than 1-for-30, with the final ratio at the discretion of the Board of Directors. The Board formally approved the 1-for-20 ratio on March 4, 2026.
• Effective Date: The split became effective at 4:00 p.m. Eastern Time on April 2, 2026, after the close of trading on the Nasdaq Capital Market. Trading on a post-split basis commenced at market open on April 6, 2026.
• Impact to Shareholders: Every 20 shares of HeartCore common stock issued and outstanding prior to the split have been automatically consolidated into one share. Any fractional shares resulting from the split were rounded up to the nearest whole share.
• No Change to Authorized Shares or Par Value: The number of authorized shares and the par value per share remain unchanged.
• Purpose and Potential Impact: While not explicitly stated in the filing, such actions are typically taken to increase the per-share market price of a company’s stock to comply with Nasdaq listing requirements or to make the stock more attractive to institutional investors.

Details for Investors and Shareholders

Amendment Filed: The Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware to effectuate the reverse split. The full text of the amendment is available as Exhibit 3.1 to the Form 8-K.

Impact on Share Value: The reverse split reduces the number of outstanding shares, which, in the absence of other factors, should increase the per-share price proportionately. However, total market capitalization remains unchanged, and the market will ultimately determine the post-split valuation.

Trading and Settlement: HeartCore’s common stock continues to trade on the Nasdaq Capital Market under the same trading symbol. The reverse split did not affect the rights of shareholders except for the reduction in the number of shares held.

Fractional Shares: Any shareholder entitled to a fractional share as a result of the reverse split received an additional full share in lieu of the fractional share.

Corporate Details:
Company Name: HeartCore Enterprises, Inc.
State of Incorporation: Delaware
Trading Symbol: (Not explicitly listed in the text, but company is listed on Nasdaq Capital Market)
Address: 14F, Shibuya Sakura Stage Central Building, 1-2 Sakuragaoka-cho, Shibuya-ku, Tokyo, 150-0031, Japan
Phone: +81-3-6899-7114
IRS Employer ID: 87-0913420

Potential Price-Sensitive and Shareholder Impacts

• The reverse split is a significant corporate action that can affect the stock price and the number of shares held by individual investors. Shareholders should expect the number of shares in their accounts to be divided by 20 and the share price to increase by a similar multiple, subject to market fluctuations.
• The reverse split may be price sensitive as it is often executed to regain compliance with minimum bid price requirements for continued listing on Nasdaq or to avoid delisting.
• Reverse splits can sometimes be interpreted by the market as a signal of underlying challenges, but they are also used as tools to enhance the company’s appeal to institutional investors.
• Shareholders should note that the par value and total authorized shares remain unchanged, and the action does not directly alter the Company’s market capitalization.

What Should Shareholders Do?

• Review your brokerage account to confirm the new number of shares post-split.
• Consult with your financial advisor regarding the potential implications of the reverse split on your investment strategy.
• Monitor the Company’s communications for any further updates or corporate actions.

Exhibits

• Exhibit 3.1: Certificate of Amendment to the Certificate of Incorporation, effective April 2, 2026
• Exhibit 104: Cover Page Interactive Data File (Inline XBRL)

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions. The information provided is based on the Company’s public SEC filing as of April 6, 2026, and is subject to change without notice.

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