HeartCore Enterprises, Inc. (NASDAQ: HTCR) has announced strategic financial agreements with Crom Structured Opportunities Fund I, LP, involving the issuance of up to $2 million in Series A Convertible Preferred Stock and the potential sale of up to $25 million in common stock. These agreements are designed to support the company's merger and acquisition strategy, targeting businesses with recurring revenue, AI-driven technology, and cross-sell opportunities. Furthermore, the funding will assist HeartCore in meeting the Nasdaq's minimum equity requirement of $2.5 million under Rule 5550(b), ensuring its continued listing on the exchange.
The company's focus on growth and innovation is evident through its customer experience management platform and digital transformation services, which provide businesses with advanced tools for enhancing customer engagement and speeding up digital initiatives. For more information on HeartCore's services, visit https://heartcore-enterprises.com/.
